home / study / business / operations management / operations management questions and answers / With The Gasoline Time Series Data From The Given Table, Show The Exponential Smoothing Forecasts ...

Question: With the gasoline time series data from the given table, show the exponential smoothing forecasts...

With the gasoline time series data from the given table, show the exponential smoothing forecasts using = 0.1.

Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of = 0.1 or = 0.2 for the gasoline sales time series? Do not round your interim computations and round your final answers to two decimal places.