Question: Ten months of data and the forecasts for those same periods are in the table below. Create an exponential smoothing forecast for February onwards, assuming



Ten months of data and the forecasts for those same periods are in the table below. Create an exponential smoothing forecast for February onwards, assuming that the January forecast was 42 . Which value of alpha gives the best forecast using the MAPE criterion? Month Actual January 42 February 58 March 58 April 77 May 91 June 102 July 124 August 148 September 171 October 177 alpha=0.2alpha=0.4alpha=0.3
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