Question: The following table shows the forecasting techniques and their errors of time series data with a trend component. MAE MSE MAPE Holt's Exponential Smoothing 127

The following table shows the forecasting

The following table shows the forecasting techniques and their errors of time series data with a trend component. MAE MSE MAPE Holt's Exponential Smoothing 127 27124 31.91 Linear Trend Line 112 27122 23.22 SES (alpha = 0.7) 134 29678 34.56 Which of the following statement(s) is/are CORRECT referring to the table above? Select one: O a. Holt's exponential smoothing is the most accurate forecasting technique for the data o b. SES (alpha=0.7) is an appropriate forecasting technique for the time series data with trend component The linear trend line is the least accurate forecasting technique since the MAE, MSE and MAPE are lower than the other forecast models O d. Both (a) and (b) above are correct Oe. None of (a), (b) and (c) are correct O c

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!