Using the chart above I need to:
a. Forecast the month of December using a moving average of 3.
b. Calculate the Mean-Square Error (MSE).© BrainMass Inc. brainmass.com October 9, 2019, 6:10 pm ad1c9bdddf
When forecasting using a moving average of 3, we use the following formula:
Forecast (t) = (1/3)*(Value (t-1) + Value (t-2) + Value ...
Forecasting, Trends and Mean Square Error are investigated. The solution is detailed and well presented. The response received a rating of "5/5" from the student who originally posted the question.