For the data in Problem 4, find the best single exponential smoothing model by evaluating the MSE
Question:
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
Transcribed Image Text:
Month March April May June July August September 270 October Forecast 150 220 205 256 250 260 Actual Sales 170 229 192 241 238 210 225 179 280
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Alpha MSE 01 178736 02 143095 03 127233 04 119904 05 116981 06 117...View the full answer
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Related Book For
OM operations management
ISBN: 978-1285451374
5th edition
Authors: David Alan Collier, James R. Evans
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