Question: options : 20.7 , 18.5 , 21.6 , 19.6, 20.2 , 16.6 calculate : forecast for period 8 and MSE Consider the following time series

options : 20.7 , 18.5 , 21.6 , 19.6, 20.2 , 16.6

calculate : forecast for period 8 and MSE

Consider the following time series data. Month Value 1 18 2 13 3 20 4 12 5 19 6 23 7 20 Using the Exponential Smoothing method to forecast the next period (a=0.4), calculate the MSE (Mean square Error) and the forecast for Period 8 and choose the right option from the drop-down menu: NOTE: Consider the smoothing constant (a) = 0.4 Forcast for Period 8 MSE

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