Question: Using the exponential smoothing forecast ( = 0.6) to forecast the next period, complete the table below and compute the MSE (Mean square Error): Note:
Using the exponential smoothing forecast ( = 0.6) to forecast the next period, complete the table below and compute the MSE (Mean square Error): Note: Round the numbers to 2 decimal places if you need to. Forecast Method: ES ( = 0.6) Month. Value. Forecast. Squared Forecast Error. 1 10 2 13 Answer Answer 3 15 Answer Answer 4 12 Answer Answer 5 19 Answer
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
