Question: Based on the following data, complete empty cells of the table by using Exponential Smoothing method . Then, Forecast the value of Month 9 and
Based on the following data, complete empty cells of the table by using Exponential Smoothing method. Then, Forecast the value of Month 9 and compute the MSE index. ( a =0.1 and consider the forecast of first month equal to 20).
| Month | Real observations | Forecast | Forecast error | Squared forecast error | MSE |
| 1 | 23 |
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| 2 | 41 |
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| 3 | 19 |
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| 4 | 33 |
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| 5 | 26 |
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| 6 | 25 |
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| 7 | 39 |
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| 8 | 29 |
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| 9 | - |
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