Question: Current Attempt in Progress Given the following data, use exponential smoothing with a = 0.1 and a = 0.6 to generate forecasts for periods 2

Current Attempt in Progress Given the following
Current Attempt in Progress Given the following
Current Attempt in Progress Given the following data, use exponential smoothing with a = 0.1 and a = 0.6 to generate forecasts for periods 2 through 6. Use MAD and MSE to decide which of the two models produced a better forecast. (Round your answers to 2 decimal places, 4.3.2.25.) Period Actual Forecast 1 18 15 15 2 3 4 15 12 13 16 5 6 Forecast Period Actual a -0.1 a=0.6 1 15.00 18.00 18.00 2 15.00 3 15.00 4 12.00 5 13.00 6 16.00 Forecast Period Actual a = 0.1 a = 0.6 1 15.00 18.00 18.00 2 15.00 3 15.00 4 12.00 5 13.00 6 16.00 MAD: MSE Exponential smoothing using a 0.1 yields lower MAD. Exponential smoothing using a - yields lower MSE 0.1 e Textbook and Media 0.6 Save for Later Attempts: 0 of 1

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