Develop a three-week moving average for this time series. Compute MSE and a forecast for week 7. Round your answers to two decimal places. Week Time Series
Value Forecast
1 18
2 13
3 16
4 11
5 17
6 14
MSE:
The forecast for week 7:
Use = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7. Round your answers to two decimal places.
Week Time Series
Value Forecast
1 18
2 13
3 16
4 11
5 17
6 14
MSE:
The forecast for week 7:
Use trial and error to find a value of the exponential smoothing coefficient that results in a smaller MSE than what you calculated for = 0.2. Find a value of for the smallest MSE. Round your answer to three decimal places.
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