Question: Create an exponential smoothing model that minimizes the MSE for the data

Create an exponential smoothing model that minimizes the MSE for the data set. Use Solver to estimate 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 months using this technique?



$1.99
Sales3
Views220
Comments
  • CreatedNovember 03, 2012
  • Files Included
Post your question
5000