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37 Exponential Smoothing Model 38 Month Forecast [Error] APE 39 PART 2: Build an Exponential Smoothing Model with F1 = 246 and alpha = 0.25 and use the results of that 40 model to answer questions 4-6. Sales 246 1 41 252 2 3 42 4 Using an Exponential Smoothing Model with alpha = 0.25 and F1=246, what is the forecast for Month 10? 43 4 44 NO CO 45 46 5 Using an Exponential Smoothing Model with alpha = 0.25 and F1=246, what is the value of the Mean Absolute Deviation (MAD) for the model? 262 248 263 249 256 251 236 47 8 48 9 6 Using an Exponential Smoothing Model with alpha=0.25 and F1=246, what is the value of the Mean Absolute Percentage Error (MAPE) for the model? 49 50 51 52 53 7 Which model should we choose (a = 3-period moving average or b = exponential smoothing)? 3 Using a three-period Moving Average Model, what is the value of the Mean Absolute Percentage Error (MAPE) for the model? PART 2: Build an Exponential Smoothing Model with F1 = 246 and alpha = 0.25 and use the results of that model to answer questions 4-6. Month Sales 246 1 4 Using an Exponential Smoothing Model with alpha = 0.25 and F1=246, what is the forecast for Month 10? 2 3 4 5 5 Using an Exponential Smoothing Model with alpha = 0.25 and F1=246, what is the value of the Mean Absolute Deviation (MAD) for the model? 252 262 248 263 249 256 251 236 co 6 Using an Exponential Smoothing Model with alpha = 0.25 and F1=246, what is the value of the Mean Absolute Percentage Error (MAPE) for the model? 8 9 7 Which model should we choose (a = 3-period moving average or b = exponential smoothing)? - = 3 4 5 66 Quiz Set 7 ** Type here to search