Question: Error = Actual - ForecastOur forecast accuracy is declining, i . e . , the gap between Actual and Forecast is increasing.In an exponential smoothing
Error Actual ForecastOur forecast accuracy is declining, ie the gap between Actual and Forecast is increasing.In an exponential smoothing model, what should we do to the value of alpha if we wish to reduce the forecast error.F t Dt Ft adecrease value of alpha bconsult the predict your future for $ shop across the street cstay with the same alpha dincrease value of alpha
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
