Question: The following table includes the information about a monthly time series. Month Time Series January 2 1 February 1 7 March 1 9 April 2

The following table includes the information about a monthly time series.
Month Time Series
January 21
February 17
March 19
April 24
When the exponential smoothing method with \alpha =0.1 and \alpha =0.5 is applied, what is the speed of decline for which the mean absolute deviation is better? What is this mean?
Multiple Choice
\alpha =0.1 and MAD =3.05
\alpha =0.1 and MAD =3.00
\alpha =0.5 and MAD =3.00
\alpha =0.5 and MAD =3.05

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!