The US monthly inflation rate for 2016 is shown below: a. Compute the inflation rate for January
Question:
a. Compute the inflation rate for January 2017 using the exponential smoothing forecast using α = 0.3 and 0.5. Assume that the forecast for February is 1.
b. What is the MAD for the forecasts generated using exponential smoothing method?
Transcribed Image Text:
Inflation Month Month Inflation 0.8 January 1.4 July February 1.0 August 1.1 March September 0.9 1.5 April 1.1 October 1.6 May 1.0 November 1.7 June 1.0 December 2.1
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Related Book For
Principles of Supply Chain Management A Balanced Approach
ISBN: 978-1337406499
5th edition
Authors: Joel D. Wisner, Keah Choon Tan, G. Keong Leong
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