Use exponential smoothing with a smoothing constant of 0.3 to forecast the registrations at the seminar given
Question:
Use exponential smoothing with a smoothing constant of 0.3 to forecast the registrations at the seminar given in Problem 4.10. To begin the procedure, assume that the forecast for year 1 was 5,000 people signing up.
a) What is the MAD?
b) What is the MSE?
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To answer this problem it is important to first calculate the forecast values for each year using ex...View the full answer
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