( a) Develop a scatter diagram (6 Marks) (b) Develop an exponential smoothing forecast using an alpha...
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(b) Develop an exponential smoothing forecast using an alpha of 0.2 and a separate exponential smoothing forecast using an alpha of 0.9. (22 Marks)
(c) Compute the MSE for both forecasts from part b. Which is more accurate? (10 Marks)
Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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