Question refer to the data in the file that a coompanies this book named Calf Prics. Xlsx

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Question refer to the data in the file that a coompanies this book named Calf Prics. Xlsx representing the selling prince of three-month-old calces at a livestock auction during the past 22 weeks.
Create an exponential smoothing model that minimizes the MSE for the data set.
Use Solver to estimate. The optimal value of α.
a. What is the optimal value of α?
b. Prepare a line graph comparing the exponential smoothing prediction against the original date.
c. What are the forecasts for weeks 23and 24 using this technique?

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ISBN: 9781259917028

8th Edition

Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith

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Question Posted: Mar 21, 2018 04:48 AM

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Question refer to the data in the file that a coompanies this book named Calf Prics. Xlsx

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Step by Step Answer:

To create the exponential smoothing model Enter the data set in the spreadsheet The screen shot is shown below Enter the decision variables in the cel...View the full answer

Cost Management A Strategic Emphasis

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