Question Use the following time-series data to answer the given questions. Time

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Question Use the following time-series data to answer the given questions. Time Period Value 32 59 62 60 65 72 86 101 97 10 .Develop forecasts for periods 5 through 10 using 4-month moving averages b. Develop forecasts for periods S 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 by 1 c. 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)

for each value 4 month weighted moving average has less error

4 month year value moving average 1 27 2 32 3 59 4 62 5 60 45 6 65 53.25 7 72 61.5 8 86 64.75 9 101 70.75 10 97 81

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