In: Statistics and Probability
Problem 8-15 Ten weeks of data on the Commodity Futures Index are 7.35, 7.40, 7.55, 7.56, 7.60, 7.52, 7.52, 7.70, 7.62, and 7.55. Click on the datafile logo to reference the data. (a) Choose the correct time series plot. (i) (ii) (iii) (iv) What type of pattern exists in the data? (b) Use trial and error to find a value of the exponential smoothing coefficient α that results in a relatively small MSE. Value of α = MSE =