a. Make an exponential smoothing forecast for periods 2 through 5 with 2 values of alpha, 0.05
Question:
a. Make an exponential smoothing forecast for periods 2 through 5 with 2 values of alpha, 0.05 and 0.60, and an assumed forecast for period 1 of 30.
b. Compute the MAD for each of the above forecasts.
c. Which value of alpha will you choose?
Period | 1 | 2 | 3 | 4 |
Data | 32 | 14 | 41 | 30 |
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a b MAD 931 and 1342 c 005 because it provides the lowes...View the full answer
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