Question: Question Set 3. Using only the Austin sales data: 1. Forecast sales for January 5 th through January 30 th using exponential smoothing with alpha

Question Set 3. Using only the Austin sales data:

1. Forecast sales for January 5^th through January 30^th using exponential smoothing with alpha set to 0.6. Assume the sales forecast for January 4^th was 644. (6pts)

2. Using your forecasts from Q3.1, find the mean absolute deviation of the sales forecasts for January 5^th through January 29^th. Again, you should not include the forecast for January 30^th since there is no corresponding sales figure for that date. (4pts)

3. Using your forecasts from Q3.1, find the mean squared error of the sales forecasts for January 5^th through January 29^th. (4pts)

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