Question: Compare exponential smoothing forecast using ( = 0.2) with exponential smoothing forecast using ( = 0.3). Which provides a better forecast using MSE? (a) Exponential

Compare exponential smoothing forecast using ( = 0.2) with exponential smoothing forecast using ( = 0.3). Which provides a better forecast using MSE?

  1. (a) Exponential smoothing forecast using ( = 0.2) provides better forecast because its MSE is higher.

  2. (b) Exponential smoothing forecast using ( = 0.2) provides better forecast because its MSE is lower.

  3. (c) Exponential smoothing forecast using ( = 0.3) provides better forecast because its MSE is higher.

  4. (d) Exponential smoothing forecast using ( = 0.3) provides better forecast because its MSE is lower.

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