Question: Use the data below for the forecasting problem: Time period 1 2 3 4 5 Demand 2.05 3.82 7.41 9.22 9.33 12.47 13.83 15.61 DONO

Use the data below for the forecasting problem:

Use the data below for the forecasting problem: Time period 1 2 3 4 5 Demand 2.05 3.82 7.41 9.22 9.33 12.47 13.83 15.61 DONO U 7 8 Assume the period 1 forecast is provided to you and equals 1.96. Perform exponential smoothing (ES) with alpha = 0.4 and using the period 1 forecast to develop exponential smoothing forecasts for periods 2 through 8. What is the Mean square error (MSE) of the ES forecasts for periods 2 through 8? (Note: To get this, square the error for each time period from 2 through 8, add the squared errors, divide by 7 and then take the square root)

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