Question: Q 1 A. Why are forecasts generally wrong? B. Contrast the use of MAD and MSE in evaluating forecasts. C. What advantages as a forecasting

Q 1

A. Why are forecasts generally wrong?

B. Contrast the use of MAD and MSE in evaluating forecasts.

C. What advantages as a forecasting tool does exponential smoothing have over moving averages?

D How does the number of periods in a moving average affect the responsiveness of the forecast?

F. What factors enter into the choice of a value for the smoothing constant in exponential smoothing?

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