Is there a less complex way to solve this problem? S13. Consider the data showing the number of bikes sold by a specialized market over the past 10 weeks. Week: 1   2   3   4   5   6   7   8   9 10 Sales: 15 20 17 18 16 22 25 18 20 19 (a). Compute forecasts using a 3-week moving average. (MSE-?). (b). Use weighted moving average selecting weights for the data values.  (MSE-?). (c). Apply exponential smoothing with the smoothing constant . (MSE-?).

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Average

In mathematics, everyone must have heard the term average in one place or other. Almost all types of calculation require taking out an average. In everyday life, the term is used for denoting a certain amount that can be said to be a typical quantity for multiple people or objects. In other words, if a group of people possesses a certain object, then the average gives us an idea regarding the quantity of the object possessed by each person. However, this is solely based on mathematical calculation. It is important to note that most people will not strictly have the average value in a group.