Question: c) find the optimal smoothing constant (alpha) using the Excel Solver 2. The U.S. monthly inflation rate for 2016 is shown below: MONTH INFLATION MONTH

c) find the optimal smoothing constant (alpha) using the Excel Solver

2. The U.S. monthly inflation rate for 2016 is shown below: MONTH INFLATION MONTH INFLATION January 1.4 July 0.8 February 1.0 1.1 August September March 0.9 1.5 April 1.1 October 1.6 May 1.0 November 1.7 June 1.0 December 2.1 a. Compute the inflation rate for January 2017 using the exponential smoothing forecast with a=0.3 and 0.5. Assume that the forecast for February 2016 is 1.4. b. What is the MAD for each of the forecasts generated using the exponential smoothing method? Which method is better

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