Question: PLEASE DON'T COPY AND PASTE THE PREVIOUS ANSWER. I KNOW IT'S OUTDATED, COMPLETELY WRONG, AND LACKS EXPLANATION. I'LL REPORT THOSE ACTIONS The Willow River Mining
PLEASE DON'T COPY AND PASTE THE PREVIOUS ANSWER. I KNOW IT'S OUTDATED, COMPLETELY WRONG, AND LACKS EXPLANATION. I'LL REPORT THOSE ACTIONS
The Willow River Mining Company mines and ships coal. It has experienced the following demand for coal during the past eight years:
Year Coal Sales (tonnes)
1 4260
2 4510
3 4050
4 3720
5 3900
6 3470
7 2890
8 3100
Develop an adjusted exponential smoothing model (=0.30, =0.20) and a linear trend line model, and compare the forecast accuracy of the two using MAD. Indicate which forecast seems to be most accurate.
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