The income of the saxbys Experiential Learning Code at Bowie State University income for the period...
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The income of the saxbys Experiential Learning Code at Bowie State University income for the period January-June 2021 is as follows: Month January February March April May June July Income (In thousands a=0.2 $) 55 58 66 65 72 75 a=0.4 A. Use exponential smoothing with a=0.2 and a=0.4 to forecast July income. Assume that the initial forecast for January for the exponential smoothing models is $60,000. B. Based on MAD, which of the model provides a better forecast? Justify your answer by showing all your calculations. C. Calculate the MSE from the two-month moving average model. Round your answer to 3 decimal places The income of the saxbys Experiential Learning Code at Bowie State University income for the period January-June 2021 is as follows: Month January February March April May June July Income (In thousands a=0.2 $) 55 58 66 65 72 75 a=0.4 A. Use exponential smoothing with a=0.2 and a=0.4 to forecast July income. Assume that the initial forecast for January for the exponential smoothing models is $60,000. B. Based on MAD, which of the model provides a better forecast? Justify your answer by showing all your calculations. C. Calculate the MSE from the two-month moving average model. Round your answer to 3 decimal places
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A Exponential Smoothing with alpha02 62972 Exponential Smoothing with alpha04 63309 Exponential Smoo... View the full answer
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