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Math · Statistics And Probability
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浙江科技学院考试试卷 V. (20 points) Consider the following time series data. 得分 Month 12 3 4 5 6 7 Value | 24 | 13 | 20 | 12 | 19 | 23 l 15 l a. Construct a time series plot. What type of pattern exists in the data? b. Compute MSE using the average of all the data available as the forecast for the next period. What is the forecast for month 8? c. Compute MSE using the most recent value as the forecast for the next period. What is the forecast for month 8? d. Which method appears to provide the better forecast?

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