The Following Time Series Shows the Sales of a Clothing $\alpha$

question 64

Essay

The following time series shows the sales of a clothing store over a 10-week period.
a.Compute a 4-week moving average for the above time series.
b.Compute the mean square error (MSE) for the 4-week moving average forecast.
c.Use $\alpha$ = 0.3 to compute the exponential smoothing values for the time series.
d.Forecast sales for week 11.

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Definitions:

Equilibrium Constant

A numerical value that represents the ratio of the concentrations of products to reactants at equilibrium in a chemical reaction.

Products

Substances that are formed as the result of a chemical reaction, located on the right side of a chemical equation.

Reactants

Compounds available at the start of a chemical reaction, which are utilized to form the final products.

Equilibrium Constant

A numerical value that represents the ratio of concentrations of products to reactants at equilibrium in a chemical reaction.