Question: 1. Using the data below, what is the simple exponential smoothing forecast for the 3rd week where =0.3? Week Time Series Value 1 7.00 2

1. Using the data below, what is the simple exponential smoothing forecast for the 3rd week where =0.3?

Week

Time Series Value

1

7.00

2

3.00

3

8.00

4

3.00

2.

Using the data below and the Nave forecast, what is the error calculation for the 3rd week?

Week

Time Series Value

1

20.00

2

7.00

3

15.00

4

24.00

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