Based on the following data, a forecaster used simple exponential smoothing and determined the following: S₀ = 19, S₁ = 18.6, S₂ = 19.08, S₃ = 19.064, S₄ = 19.851,
and S₅ = 19.481.
Calculate the average forecast error.

Question

Based on the following data, a forecaster used simple exponential smoothing and determined the following: S₀ = 19, S₁ = 18.6, S₂ = 19.08, S₃ = 19.064, S₄ = 19.851,
and S₅ = 19.481.

Based on the following data, a forecaster used simple exponential smoothing and determined the following: S<sub>0</sub> = 19, S<sub>1</sub> = 18.6, S<sub>2</sub> = 19.08, S<sub>3</sub> = 19.064, S<sub>4</sub> = 19.851, and S<sub>5</sub> = 19.481. Calculate the average forecast error.

Calculate the average forecast error.

Quizplus · Accepted Answer

The Answer of Based on the following data, a forecaster used simple exponential smoothing and determined the following: S₀ = 19, S₁ = 18.6, S₂ = 19.08, S₃ = 19.064, S₄ = 19.851, and S₅ = 19.481. Calculate the average forecast error.

Based on the Following Data, a Forecaster Used Simple Exponential