Question

For the data in Problem 6, find the best single exponential smoothing model by evaluating the MSE for α 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 6?
Alpha MSE
0.1 ......... 18670.5337
0.2 ........ 19358.3875
0.3 ......... 20260.3106
0.4 ......... 21417.8887
0.5 ......... 22847.9189
0.6 ......... 24533.609
0.7 ......... 26458.7322
0.8 ......... 28617.143
0.9 ......... 31008.3611


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  • CreatedSeptember 17, 2015
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