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Mathematics, 05.05.2020 19:21 cindy9330

The values of Alabama building contracts (in millions of dollars) for a 12-month period follow:240 350 230 260 280 320 220 310 240 310 240 230a. Construct a time series plot. What type of pattern exists in the data?b. Compare a three-month moving average forecast with an exponential smoothing forecast. Use alpha =0.2 Which provides the better forecasts based on MSE?c. What is the forecast for the next month?

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