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Mathematics, 25.03.2021 20:40 Reagan650

The following data shows the quarterly profit (in thousands of dollars) made by a particular company in the past 3 years. Year Quarter Profit ($1000s)
1 1 45
1 2 51
1 3 72
1 4 50
2 1 49
2 2 45
2 3 79
2 4 54
3 1 42
3 2 58
3 3 70
3 4 56

Required:
a. Construct a time series plot. What type of pattern exists in the data?
b. Develop a three-period moving average for this time series. Compute MSE and a forecast of profit (in $1000s) for the next quarter.

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Answers: 1

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