Actual sales of a company (in millions of dollars)for January through April are shown below.

a.Use= 0.3 to compute the exponential smoothing values for sales.Compute MSE and forecast sales for May.Show all of your computations from February through May.
b.Use= 0.1 to compute the exponential smoothing values for sales.Compute MSE and forecast sales for May.Show all of your computations from February through May.
c.Based on MSE,whichprovides a better forecast? Explain why?

Question

Actual sales of a company (in millions of dollars)for January through April are shown below.
  
a.Use= 0.3 to compute the exponential smoothing values for sales.Compute MSE and forecast sales for May.Show all of your computations from February through May.
b.Use= 0.1 to compute the exponential smoothing values for sales.Compute MSE and forecast sales for May.Show all of your computations from February through May.
c.Based on MSE,whichprovides a better forecast? Explain why?

Quizplus · Accepted Answer

The Answer of Actual sales of a company (in millions of dollars)for January through April are shown below.
  
a.Use= 0.3 to compute the exponential smoothing values for sales.Compute MSE and forecast sales for May.Show all of your computations from February through May.
b.Use= 0.1 to compute the exponential smoothing values for sales.Compute MSE and forecast sales for May.Show all of your computations from February through May.
c.Based on MSE,whichprovides a better forecast? Explain why?

Actual Sales of a Company (In Millions of Dollars)for January