Create an exponential smoothing model that minimizes the MSE for the data set Use Solver to determine the optimal value of a What is the optimal value of b Prepare a line graph comparing the exponential smoothing predictions against the original data c What are the forecasts for the next two years ...

b Exponential Year Sales Smoothing alpha 1 1 283 28300 ...

Create an exponential smoothing model that minimizes the MSE for the data set. Use Solver to determine

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Create an exponential smoothing model that minimizes the MSE for the data set. Use Solver to determine the optimal value of α.

a. What is the optimal value of α?

b. Prepare a line graph comparing the exponential smoothing predictions against the original data.

c. What are the forecasts for the next two years using this technique?

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Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

ISBN: 978-0324656633

5th edition

Authors: Cliff T. Ragsdale

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Question Posted: Nov 03, 2012 06:22 AM

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Create an exponential smoothing model that minimizes the MSE for the data set. Use Solver to determine

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Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

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