Consider the following time series data:
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:
  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:
  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