Question: Given the following data, use exponential smoothing with a0.2 and a - 0.5 to generate forecasts for periods 2 through 6. Use MAD and MSE

Given the following data, use exponential smoothing with a0.2 and a - 0.5 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 ploces, eg.2.25) Exponentlal smoothingusing = yieldslowerMAD
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
