Question: Question - 2 : The same company decided to improve the forecasting technique. Usually, they use exponential smoothing method using smoothing constant 0 . 3
Question:
The same company decided to improve the forecasting technique. Usually, they use exponential smoothing method using smoothing constant However, they would like to try an alternate option choosing smoothing constant Which smoothing constant will provide more accuracy? Justify your answer by calculating MAPE. Consider the forecast for year using Nave approach.
Year Total sale
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