Question: Given the following data, use exponential smoothing with = 0.1 and = 0.6 to generate forecasts for periods 2 through 6. Use MAD and MSE

Given the following data, use exponential smoothing with = 0.1 and = 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, e.g.,2.25.)

Period	Actual	Forecast
1	13	18
2	16
3	15
4	11
5	12
6	18

Period	Actual	Forecast
Period	Actual	= 0.1	= 0.6
1	13.00	18.00	18.00
2	16.00
3	15.00
4	11.00
5	12.00
6	18.00

	MAD:
	MSE:

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