Question

Answer the following questions using the data from the Excel file average bonus. xlsx from Problem 16.43.
From Problem
a. Using exponential smoothing with α = 0.5, forecast the average cash bonus for a financial investment employee in New York City in 2013.
b. Calculate the MAD for the forecast in part a.
c. Using exponential smoothing with trend adjustment, α = 0.5 and β = 0.5, forecast the average cash bonus for a financial investment employee in New York City in 2013.
d. Calculate the MAD for the forecast in part c.
e. Which forecast do you have most confidence in?


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  • CreatedJuly 29, 2015
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