Question: 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

Given the following data, use exponential
Given the following data, use exponential
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, ...,2.25.) Period Actual Forecast 1 15 16 2 15 15 3 4 10 5 12 6 18 Forecast 0.1 -0.6 Period Actual 1 15.00 16.00 16.00 2 15.00 3 15.00 Forecast Period Actual q=0.1 q=0.6 1 15.00 16.00 16.00 2 15.00 3 15.00 4 10.00 5 12.00 6 18.00 MAD: MSE Exponential smoothing using a yields lower MAD Exponential smoothing using a - yields lower MSE

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