Question: Hossein would like his colleague Stefan to develop a moving average forecast with nine periods, but he knows that Stefan is familiar only with single
Hossein would like his colleague Stefan to develop a moving average forecast with nine periods, but he knows that Stefan is familiar only with single exponential smoothing as a forecasting technique. In the interest of expediency, Hossein decides to tell Stefan to create a single exponential smoothing forecast that has the same effect as a moving average. What alpha should Hossein tell Stefan to use to approximate a moving average forecast with n
a
b
c
d
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
