Question: a) Generate one step ahead forecast using simple exponential smoothing(SES), using alfa= 0.80. b) Calculate RMSE, MAE, and MAPE. c) Please explain your approach in
a) Generate one step ahead forecast using simple exponential smoothing(SES), using alfa= 0.80.
b) Calculate RMSE, MAE, and MAPE.
c) Please explain your approach in 5 lines.
*Please also submit your Excel worksheet with formulas, so I can see how it was done.*
| Day | DJIA |
| 9/9/16 | 18,085.45 |
| 9/12/16 | 18,325.07 |
| 9/13/16 | 18,066.75 |
| 9/14/16 | 18,034.77 |
| 9/15/16 | 18,212.48 |
| 9/16/16 | 18,123.80 |
| 9/19/16 | 18,120.17 |
| 9/20/16 | 18,129.96 |
| 9/21/16 | 18,293.70 |
| 9/22/16 | 18,392.46 |
| 9/23/16 | 18,261.45 |
| 9/26/16 | 18,094.83 |
| 9/27/16 | 18,228.30 |
| 9/28/16 | 18,339.24 |
| 9/29/16 | 18,143.45 |
| 9/30/16 | 18,308.15 |
| 10/3/16 | 18,253.85 |
| 10/4/16 | 18,168.45 |
| 10/5/16 | 18,281.03 |
| 10/6/16 | 18,268.50 |
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