# Question

Create an exponential smoothing model that minimizes the MSE for the data set. Use Solver to estimate the optimal value of Î±.

a. What is the optimal value of Î±?

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

c. What are the forecasts for weeks 23 and 24 using this technique?

a. What is the optimal value of Î±?

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

c. What are the forecasts for weeks 23 and 24 using this technique?

## Answer to relevant Questions

Use Holtâ€™s method to create a model that minimizes the MSE for the data set. Use Solver to estimate the optimal values of Î± and Î².a. What are the optimal values of Î± and Î²?b. Are these values surprising? Why or why not?Use Holt-Winterâ€™s multiplicative method to create a seasonal model that minimizes the MSE for the data set. Use Solver to determine the optimal values of Î±, Î², and Î³.a. What are the optimal values of Î±, Î², and Î³?b. ...Use Solver to determine the weights for a four-period weighted moving average on the data set that minimizes the MSE.a. What are the optimal values for the weights?b. Prepare a line graph comparing the weighted moving ...Use Holt-Winterâ€™s additive method to create a seasonal model that minimizes the MSE for the data set. Use Solver to determine the optimal values of Î±, Î², and Î³.a. What are the optimal values of Î±, Î², and Î³?b. Prepare ...Use the multiplicative seasonal technique for stationary data to model the data. Use Solver to determine the optimal values of Î± and Î².a. What are the optimal values of Î± and Î²?b. Prepare a line graph comparing the ...Post your question

0