20 A time series is a collection of observations of well-defined data items obtained through repeated measurements over

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20 A Time Series Is A Collection Of Observations Of Well Defined Data Items Obtained Through Repeated Measurements Over 1 (35.05 KiB) Viewed 82 times

20 A time series is a collection of observations of well-defined data items obtained through repeated measurements over time. Averaging models are computed by averaging data from several time periods and using the average as the forecast for the next time period. Use this concept on the below-mentioned time-series data Time Period Value 1 2 30 3 50 4 65 5 55 6 60 7 75 8 80 9 100 10 90 o (a) (6) Develop forecasts for periods 6 through 10 using 5-month moving averages Develop forecasts for periods 6 through 10 using 5-month weighted moving averages. Weight the most recent month by a factor of 4, the previous month by 2, and the other months by 1