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Refer to the gasoline sales time series data in the given table. Week Sales (1000s of gallons) 1 18 2 20 3 18 4 23

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Refer to the gasoline sales time series data in the given table.

Week

Sales (1000s of gallons)

118
220
318
423
517
616
720
817
922
1020
1116
1223

image text in transcribed
a. Compute four-week and five-week moving averages for the time series. Round your answers to two decimal places. 4-Week 5-Week Week Sales Moving Average | Moving Average 1 18 2 20 3 18 4 23 5 17 20.50 X 6 16 20.25 X 19.80 X 20 18.75 X 19.20 X 8 17 19.00 V 19.00 X 9 22 17.25 X 18.60 10 20 18.50 X 18.20 X 11 16 19.75 V 18.80 X 12 23 18.75 V 19.00 b. Compute the MSE for the four-week and five-week moving average forecasts. Round your intermediate calculations and final answers to two decimal places. MSE for four-week moving average = 12.79 X MSE for five-week moving average = 9.47 X c. What appears to be the best number of weeks of past data (three, four, or five) to use in the moving average computation? Recall that MSE for the three-week moving average is 9.88. Three X

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