Question: Repeat the calculations in Problem 51 using simple exponential smoothing, and allow the smoothing constant to be a variable. That is, the smoothing constant

Repeat the calculations in Problem 51 using simple exponential smoothing, and allow the smoothing constant to be a variable. That is, the smoothing constant should be a cell location. By experimenting with different values of , determine the value that appears to minimize the

a. MAD

b. MSE

c. MAPE Assume that the forecast for month 1 is 225.

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