Question: An e - commerce firm has hired a forecasting specialist to predict the number of complaints that could be lodged in the month of June.
An ecommerce firm has hired a forecasting specialist to predict the number of complaints that could be lodged in the month of June. Following are the data.MonthActual No of ComplaintsForecastJanuaryFebruaryMarchAprilMayJune Prepare a forecast for January to June using Exponential smoothing method with a smoothing constant of MarksIl Compute Mean Absolute Error MAD MarksIII Based on MAD computed, comment on the accuracy of forecasts Marks
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