Question: Using the House Sales dataset provided perform moving average and exponential smoothing forecast techniques. For each method, calculate MAE, RMSE and comment on the performance

Using the House Sales dataset provided perform moving average and exponential smoothing forecast techniques. For each method, calculate MAE, RMSE and comment on the performance of each method.

Month Houses Sold
Jan-10 345
Feb-10 336
Mar-10 381
Apr-10 422
May-10 280
Jun-10 305
Jul-10 283
Aug-10 282
Sep-10 317
Oct-10 291
Nov-10 287
Dec-10 326
Jan-11 307
Feb-11 270
Mar-11 300
Apr-11 310
May-11 305
Jun-11 301
Jul-11 296

alpha value for forecast method not known

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!