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 compute

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. (and consider the forecast of first month equal to 22).

Month

Real observations

Forecast

Forecast error

Squared forecast error

MSE

1

25

2

40

3

21

4

30

5

22

6

21

7

32

8

26

9

-

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