Based on the following data,a forecaster used simple exponential smoothing and determined the following: S 0 = 19,S 1 = 18.6,S 2 = 19.08,S 3 = 19.064,S 4 = 19.851 and S 5 = 19.481. $$\begin{array} { c c }
\text { Time } & \text { Demand } \
1 & 17 \
2 & 21 \
3 & 19 \
4 & 23 \
5 & 18
\end{array}$$
-Calculate the average forecast error.

Question

Based on the following data,a forecaster used simple exponential smoothing and determined the following: S 0 = 19,S 1 = 18.6,S 2 = 19.08,S 3 = 19.064,S 4 = 19.851 and S 5 = 19.481. $$\begin{array} { c c } 
\text { Time } & \text { Demand } \
1 & 17 \
2 & 21 \
3 & 19 \
4 & 23 \
5 & 18
\end{array}$$
-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: S 0 = 19,S 1 = 18.6,S 2 = 19.08,S 3 = 19.064,S 4 = 19.851 and S 5 = 19.481. $$\begin{array} { c c } 
\text { Time } & \text { Demand } \
1 & 17 \
2 & 21 \
3 & 19 \
4 & 23 \
5 & 18
\end{array}$$
-Calculate the average forecast error.

Based on the Following Data,a Forecaster Used Simple Exponential Smoothing Time Demand 117221319423518\begin{array} { c c } \text { Time } & \text { Demand } \\1 & 17 \\2 & 21 \\3 & 19 \\4 & 23 \\5 & 18\end{array} Time 12345​ Demand 1721192318​

Based on the Following Data,a Forecaster Used Simple Exponential Smoothing $\begin{array} { c c } \text { Time } & \text { Demand } \\1 & 17 \\2 & 21 \\3 & 19 \\4 & 23 \\5 & 18\end{array}$