2 Month 1 2 3 4 5 6 Value 20 19 17 21 16 18 a Construct a 3w

2. Month            1              2              3              4              5              6             

     Value               20           19           17           21           16           18

a. Construct a 3-week moving average and compute the MSE.

b. Using alpha = 0.03, compute the exponential smoothing values for the series and the MSE.

c. Which provides the better forecast. Explain your answer.

Solution