Question: Use the data given below to answer the following question(s). The worldwide sales of cars from 1981-1990 are shown in the table below. Given: =
Use the data given below to answer the following question(s). The worldwide sales of cars from 1981-1990 are shown in the table below. Given: = 0.2 and = 0.15 (Hint: Use XLMiner)
| Year | Units sold in thousands |
| 1981 | 888 |
| 1982 | 900 |
| 1983 | 1000 |
| 1984 | 1200 |
| 1985 | 1100 |
| 1986 | 1300 |
| 1987 | 1250 |
| 1988 | 1150 |
| 1989 | 1100 |
| 1990 | 1200 |
Identify the value of the mean square error using double exponential smoothing for the given set of data.
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