Question: Using an initial estimate of 1 2 0 , apply the exponential smoothing method retrospectively to last year's sales with alpha = 0 .
Using an initial estimate of apply the exponential smoothing method retrospectively to last year's sales with alpha and Compare both MAD and MSE for these five values of the smoothing constant alpha
MonthSalesJanuary FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
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