(Solved): (a) Construct a time series plot.
What type of pattern exists in the data? The time series plot in ...
(a) Construct a time series plot.
What type of pattern exists in the data? The time series plot indicates a trend pattern. The time series plot indicates a seasonal pattern. The time series plot indicates a horizontal pattern. The time series plot indicates a cyclical pattern. (b) Use a three-week moving average to develop a forecast (in cases) for week 11. (Round your answer to two decimal places.) F11?= cases (c) Use exponential smoothing with a smoothing constant of ?=0.9 to develop a forecast (in cases) for week 11. (Round your answe F11?= cases (d) Which of the two methods do you prefer? Why? The 3-week moving average is preferable since it has a smaller MSE compared to exponential smoothing with ?=0.9. Exponential smoothing with ?=0.9 is preferable since it has a larger MSE compared to the 3-week moving average. Exponential smoothing with ?=0.9 is preferable since it has a smaller MSE compared to the 3-week moving average. The 3-week moving average is preferable since it has a larger MSE compared to exponential smoothing with ?=0.9.