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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