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

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 5 18 6 154-Week 5-Week Moving Average Moving Average Week Sales 1 18 2 20 3 18 4 23 5 18 6 15 7 22 8 17 9 22 10 21 11 15 12 22 b. Comp

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

Don't use plagiarized sources. Get Your Custom Essay on
Refer to the gasoline sales time series data in the given table. 
Just from $8 /Page 0r 300 words
Order Now

a. Compute four-week and five-week moving averages for the time series. Round your answers to two decimal places.

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

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 =

MSE for five-week moving average =

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 11.94.

 

In: Other

Looking for a similar assignment? Get help from our qualified experts!

Order Now