Consider the data below:
(i)Determine a naive forecast for period 14.
(ii)Using exponential smoothing with a = .2,and F 12 = 80,what would the forecast for period 14 be?

Question

Consider the data below:
  (i)Determine a naive forecast for period 14.
(ii)Using exponential smoothing with a = .2,and F 12 = 80,what would the forecast for period 14 be?

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The Answer of Consider the data below:
  (i)Determine a naive forecast for period 14.
(ii)Using exponential smoothing with a = .2,and F 12 = 80,what would the forecast for period 14 be?

Consider the Data Below