For the data below:
(a)Develop a scatter diagram.
(b)Develop an exponential smoothing forecast using an alpha of 0.2 and a separate exponential smoothing forecast using an alpha of 0.9.
(c)Compute the MSE for both forecasts from part b.Which is more accurate?

Question

For the data below:
  (a)Develop a scatter diagram.
(b)Develop an exponential smoothing forecast using an alpha of 0.2 and a separate exponential smoothing forecast using an alpha of 0.9.
(c)Compute the MSE for both forecasts from part b.Which is more accurate?

Quizplus · Accepted Answer

The Answer of For the data below:
  (a)Develop a scatter diagram.
(b)Develop an exponential smoothing forecast using an alpha of 0.2 and a separate exponential smoothing forecast using an alpha of 0.9.
(c)Compute the MSE for both forecasts from part b.Which is more accurate?

For the Data Below