Answer the following questions using the data from the Excel file average bonus.xlsx from Problem 16.43. a.
Question:
Answer the following questions using the data from the Excel file average bonus.xlsx from Problem 16.43.
a. Using exponential smoothing with α = 0.5, forecast the average cash bonus for a financial investment employee in New York City in 2018.
b. Calculate the MAD for the forecast in part a.
c. Using exponential smoothing with trend adjustment, α = 0.5 and β = 0.5, forecast the average cash bonus for a financial investment employee in New York City in 2018.
d. Calculate the MAD for the forecast in part c.
e. Which forecast do you have most confidence in?
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a F 2018 15208 051842 15208 16814 b MAD 152107 2173 c d MA...View the full answer
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