Question: For the data in the following table, compute the adjusted exponential smoothing forecast of the retail gasoline price using alpha = 0 . 5
For the data in the following table, compute the adjusted exponential smoothing forecast of the retail gasoline price using alpha
and beta
Assume that the forecast component for the first period is the actual time series data and the initial trend is zero. Determine the MAPD and express it as a percentage. Round your answer to two decimal places.
MonthYear Gas Price
Nov $
Dec $
Jan $
Feb $
Mar $
Apr $
May $
Jun $
Jul $
Aug $
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