Consider the following time series data. $$\begin{array} { | c | c | }
\hline \text { Year } & \text { Value } \
\hline 1 & 234 \
\hline 2 & 287 \
\hline 3 & 255 \
\hline 4 & 310 \
\hline 5 & 298 \
\hline 6 & 250 \
\hline 7 & 302 \
\hline 8 & 267 \
\hline 9 & 225 \
\hline 10 & 336 \
\hline
\end{array}$$
a. Construct a time series plot. What type of pattern exists in the data?
b. Develop a three-year moving average for this time series. Compute MSE and a forecast for the year 11.

Question

Consider the following time series data. $$\begin{array} { | c | c | } 
\hline \text { Year } & \text { Value } \
\hline 1 & 234 \
\hline 2 & 287 \
\hline 3 & 255 \
\hline 4 & 310 \
\hline 5 & 298 \
\hline 6 & 250 \
\hline 7 & 302 \
\hline 8 & 267 \
\hline 9 & 225 \
\hline 10 & 336 \
\hline
\end{array}$$ 
a. Construct a time series plot. What type of pattern exists in the data?
b. Develop a three-year moving average for this time series. Compute MSE and a forecast for the year 11.

Quizplus · Accepted Answer

The Answer of Consider the following time series data. $$\begin{array} { | c | c | } 
\hline \text { Year } & \text { Value } \
\hline 1 & 234 \
\hline 2 & 287 \
\hline 3 & 255 \
\hline 4 & 310 \
\hline 5 & 298 \
\hline 6 & 250 \
\hline 7 & 302 \
\hline 8 & 267 \
\hline 9 & 225 \
\hline 10 & 336 \
\hline
\end{array}$$ 
a. Construct a time series plot. What type of pattern exists in the data?
b. Develop a three-year moving average for this time series. Compute MSE and a forecast for the year 11.

Consider the Following Time Series Data A Construct a Time Series Plot