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The Monthly Market Shares of General Electric Company for 12

question 47

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The monthly market shares of General Electric Company for 12 consecutive months follow.
21.51, 22.43, 23.02, 23.03, 22.1, 23.37, 23.21, 24.6, 23.31, 23.94, 26.05, 26.65 a. Construct a time series plot. What type of pattern exists in the data?
b. Develop three-month and four-month moving averages for this time series. Does the three-month or the four-month moving average provide the better forecasts based on MSE? Explain.
c. What is the moving average forecast for the next month?

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