Question: Given the following data, use exponential smoothing with Î± = 0.2 and Î± = 0.5 to generate forecasts for periods 2 through 6. Use MAD

Given the following data, use exponential smoothing with Î± = 0.2 and Î± = 0.5 to generate forecasts for periods 2 through 6. Use MAD and MSE to decide which of the two models produced a betterforecast.

Period Actual Forecast 15 18 14 16 13 16 17

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