Question

Following are time-series data for eight different periods. Use exponential smoothing to forecast the values for periods 3 through 8.Use the value for the first period as the forecast for the second period. Compute forecasts using two different values of alpha, α = .1 and α = .8. Compute the errors for each forecast and compare the errors produced by using the two different exponential smoothingconstants.


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  • CreatedFebruary 19, 2015
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