: CengageNowv2]Orilin Problem 15-05(Algorithmic e protlemisst nt/takeAssignmentM

Question

: CengageNowv2]Orilin Problem 15-05(Algorithmic e protlemisst nt/takeAssignmentMaindo?involker Calculator MSE The forecast for week 7: 13.67 c. 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. Time Series Week Forecast Value 18 13 16 12 18 15 MSE: The forecast for week 7: d. Compare the three-week moving average forecast with the exponential smoothing forecast using a 0.2. Which appears to provide the better forecast based on MSE? o

Explanation / Answer

frm above MSE =11.06

forecast forweek 7 =16.02

week series value(A) forecast(F) (A-F)^2 1 18 2 13 18.00 25.00 3 16 17.00 1.00 4 12 16.80 23.04 5 18 15.84 4.67 6 15 16.27 1.62 16.02 total 55.32 average 11.06

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