Question: Exponential Smoothing Forecasting Use the area below to draw a line chart for single exponential smoothing forecast. Smoothing constant 0.1 Observation Forecast Error Error2 Formulas

Exponential Smoothing Forecasting Use the area

Exponential Smoothing Forecasting Use the area below to draw a line chart for single exponential smoothing forecast. Smoothing constant 0.1 Observation Forecast Error Error2 Formulas Time Period 1 2 3 4 5 6 7 8 9 10 11 12 13 91 83 78 79 84 86 96 88 91 98 92 97 #N/A #N/A #N/A #N/A #N/A #N/A =N/A #N/A #N/A #N/A #N/A #NIA #N/A #N/A #N/A #N/A #N/A NA #N/A #N/A #N/A NA #N/A F #N/A #N/A A NA #NIA NA #N/A #N/A #N/A #N/A #N/A #N/A #N/A F Next period forecast: MSE #N/A retail store records customer demand during each sales period. The data has been collected in the Microsoft Excel Online file below. Use the Microsoft Excel Online file below to develop the single exponential smoothing forecast and answer the following questions. Open spreadsheet Questions 1. What is the forecast for the 13th period based on the single exponential smoothing? Round your answer to two decimal places. 2. What is the MSE for the single exponential smoothing forecast? Round your answer to two decimal places. 3. Choose the correct graph for the single exponential smoothing forecast. The correct graph is 100 Observation Forecast Explore 95+ 2011 AM 85- 80 Times 10 11 12 13 100 Observation FO Expending 95 90 Joca 85 90 Tin Pa 10 11 13 Observation Forecast 100 Experi Shiny Ford 957 90 B M 85.1 30 Tin Paris 9 10 11 12 13 14 100 Observation FOR Expert Shina 95+ 2011 b. 85 Time 10 11 12 13

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