Question: Suppose someone forecasted demand using Holt's method. The model was tested with various combinations of alpha ( smoothing constant for series ) and beta (
Suppose someone forecasted demand using Holt's method. The model was tested with various combinations of alpha smoothing constant for series and beta smoothing constant for trend Given the following results for the MAD mean average deviation MSE mean squared deviation and BIAS, which model should be selected for forecasting future demand?
a alpha beta
b alpha beta
c alpha beta
d alpha beta
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