uestion 5 se the following time-series data to answer the given questions Time P

Question

uestion 5 se the following time-series data to answer the given questions Time Period Value 26 72 97 a. Develop forecasts for periods 5 through 10 using 4-month moving averages b. Develop forecasts for periods 5 through 10 using 4-month weighted moving averages. Weight the most recent month by a factor of 4, the previous month by 2, and the other months by1 Compute the errors of the forecasts in parts (a) and (b) and observe the differences in the errors forecast by the two different,techniques. (Round your answers to 3 decimal places.)

Explanation / Answer

a)

b)

c)

in each month.......produces larger error forecast than the ......

time period value 4 month moving average 1 26 2 30 3 59 4 64 5 58 44.75 6 65 52.75 7 72 61.5 8 86 64.75 9 101 70.25 10 97 81

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