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

2

41

3

19

4

33

5

26

6

25

7

39

8

29

9

-

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!