Question: 3 4 points Suppose that we use an Exponential smoothing forecast with o - 0.45 to forecast the value of the time series during period

3 4 points Suppose that we use an Exponential
3 4 points Suppose that we use an Exponential smoothing forecast with o - 0.45 to forecast the value of the time series during period 6. What is the value of the RMSE (root mean square error) of this forecast, rounded to the nearest tenth? Period Value ($) 34.65 2 32.32 3 30.59 4 28.59 5 30.87 2.3 O 2.5 2.9 2.4 2.6 Next

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!