Question: A simple exponential with the smoothing coefficient set at 0.5 is run on 5 time periods of variable Y with the Megastat output provided below:
A simple exponential with the smoothing coefficient set at 0.5 is run on 5 time periods of variable Y with the Megastat output provided below: Simple Exponential Smoothing 285.4 Mean Squared Error 320% Mean Absolito Percent Error 80.0% Percert Positive Errois What is the value of the forecast for Y when t=8 ? Report your answer as a whole number
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
