Refer to problem 1. Develop a forecast for years 2 through 12 using exponential smoothing with α = 0.4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and the naïve forecast. Based on a visual inspection, which forecast is better?

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The Answer of Refer to problem 1. Develop a forecast for years 2 through 12 using exponential smoothing with α = 0.4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and the naïve forecast. Based on a visual inspection, which forecast is better?

Refer to Problem 1