The following data shows the quarterly profit (in thousands of dollars) made by a particular company in the past 3 years.
a. Construct a time series plot. What type of pattern exists in the data?
b. Develop a three-period moving average for this time series. Compute MSE and a forecast of profit (in $1000s) for the next quarter.

Question

The following data shows the quarterly profit (in thousands of dollars) made by a particular company in the past 3 years.
  a. Construct a time series plot. What type of pattern exists in the data?
b. Develop a three-period moving average for this time series. Compute MSE and a forecast of profit (in $1000s) for the next quarter.

Quizplus · Accepted Answer

The Answer of The following data shows the quarterly profit (in thousands of dollars) made by a particular company in the past 3 years.
  a. Construct a time series plot. What type of pattern exists in the data?
b. Develop a three-period moving average for this time series. Compute MSE and a forecast of profit (in $1000s) for the next quarter.

The Following Data Shows the Quarterly Profit (In Thousands of Dollars)