For the data in Problem 4, find the best single exponential smoothing model by evaluating the MSE

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For the data in Problem 4, find the best single exponential smoothing model by evaluating the MSE for a from 0.1 to 0.9, in increments of 0.1. How does this model compare with the best moving average model found in Problem 4?
Alpha MSE
0.1 ....... 1787.36
0.2 ....... 1430.95
0.3 ....... 1272.33
0.4 ....... 1199.04
0.5 ....... 1169.81
0.6 ....... 1171.71
0.7 ....... 1202.25
0.8 ....... 1262.54
0.9 ....... 1355.16
Data in Problem 4
For the data in Problem 4, find the best single
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OM operations management

ISBN: 978-1285451374

5th edition

Authors: David Alan Collier, James R. Evans

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