Consider the following time series data. Week 1 2 3 4 5 6 Value 18 11 14 10 16 13 (a) Construct a time series plot. What type of pattern exists in the data? O The data appear to follow a cyclical pattern. O The data appear to follow a trend pattern. O The data appear to follow a seasonal pattern. O The data appear to follow a horizontal pattern. (b) Develop the three-week moving average for this time series. (Round your answers to two decimal places.) Week Time Series Value Forecast 1 18 2 11 3 14 4 10 5 16 6 13 Compute MSE. (Round your answer to two decimal places.) MSE= What is the forecast for week 7?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.3: Using Data Displays
Problem 26E
icon
Related questions
Question
100%
Consider the following time series data.
Week
1
2
3
4
S
9
Value
18
11
14
10
16
13
(a) Construct a time series plot. What type of pattern exists in the data?
◇ The data appear to follow a cyclical pattern.
O The data appear to follow a trend pattern.
The data appear to follow a seasonal pattern.
◇ The data appear to follow a horizontal pattern.
(b) Develop the three-week moving average for this time series. (Round your answers to two decimal places.)
Week
Time Series
Value
Forecast
1
18
2
11
3
14
4
10
5
16
6
13
Compute MSE. (Round your answer to two decimal places.)
MSE=
What is the forecast for week 7?
Transcribed Image Text:Consider the following time series data. Week 1 2 3 4 S 9 Value 18 11 14 10 16 13 (a) Construct a time series plot. What type of pattern exists in the data? ◇ The data appear to follow a cyclical pattern. O The data appear to follow a trend pattern. The data appear to follow a seasonal pattern. ◇ The data appear to follow a horizontal pattern. (b) Develop the three-week moving average for this time series. (Round your answers to two decimal places.) Week Time Series Value Forecast 1 18 2 11 3 14 4 10 5 16 6 13 Compute MSE. (Round your answer to two decimal places.) MSE= What is the forecast for week 7?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 6 steps with 10 images

Blurred answer
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning