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a. Make an exponential smoothing forecast for periods 2 through 5 with 2 values of alpha, 0.05 and 0.60, and

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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 9 31 and 13 42 c 0 05 because it provides the lowest …View the full answer


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Question Posted: July 31, 2015 09:00:54
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