The managers of the firm are considering between two different weights for exponential forecasts for the sales of the firm. Finish the table. Then, using the root mean square error formula and the finished table, decide which of the weights provides better forecast.
$$\begin{array} { | l | l | l | l | }
\hline \text { Quarter } & \text { Actual } & \text { Forecast } ( \mathrm { w } = 0.3 ) & \text { Forecast } ( \mathrm { w } = 0.6 ) \
\hline 1 & 42 & 42 & 42 \
\hline 2 & 45 & & \
\hline 3 & 44 & & \
\hline
\end{array}$$

Question

The managers of the firm are considering between two different weights for exponential forecasts for the sales of the firm. Finish the table. Then, using the root mean square error formula and the finished table, decide which of the weights provides better forecast.
 $$\begin{array} { | l | l | l | l | } 
\hline \text { Quarter } & \text { Actual } & \text { Forecast } ( \mathrm { w } = 0.3 ) & \text { Forecast } ( \mathrm { w } = 0.6 ) \
\hline 1 & 42 & 42 & 42 \
\hline 2 & 45 & & \
\hline 3 & 44 & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of The managers of the firm are considering between two different weights for exponential forecasts for the sales of the firm. Finish the table. Then, using the root mean square error formula and the finished table, decide which of the weights provides better forecast.
 $$\begin{array} { | l | l | l | l | } 
\hline \text { Quarter } & \text { Actual } & \text { Forecast } ( \mathrm { w } = 0.3 ) & \text { Forecast } ( \mathrm { w } = 0.6 ) \
\hline 1 & 42 & 42 & 42 \
\hline 2 & 45 & & \
\hline 3 & 44 & & \
\hline
\end{array}$$

The Managers of the Firm Are Considering Between Two Different