Question: ( a ) Use exponential smoothing with a linear trend model with smoothing constants = = 0 . 2 to develop a forecast for these
a
Use exponential smoothing with a linear trend model with smoothing constants
to develop a forecast for these data. How does it fit? What is the resulting MSE?
b
Use the Winter's method with smoothing constants
to develop a forecast for these data. How does it fit? What is the resulting MSE?
c
Using Solver, find smoothing constants, for both forecasting methods, that minimize the MSE. Comment on the fit of both models for the data in the third year. please show all steps and formulas used. use excel. thanks
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