Question: View Policies Current Attempt in Progress Given the following data, use exponential smoothing with a = 0.2 and a = 0.5 to generate forecasts for

View Policies Current Attempt in Progress Given

View Policies Current Attempt in Progress Given the following data, use exponential smoothing with a = 0.2 and a = 0.5 to generate forecasts for periods 2 through 6. Use MAD and MSE to decide which of the two models produced a better forecast. (Round your answers to 2 decimal places, e.g.,2.25.) Period Actual Forecast 1 13 18 2 17 3 15 4 10 5 13 6 18 Forecast Period Actual a = 0.2 a = 0.5 1 13.00 18.00 18.00 2 17.00 3 15.00 4 10.00 5 13.00 6 18.00 MAD: MSE: Exponential smoothing using a = 0.5 yields lower MAD. Exponential smoothing using a = 0.2 yields lower MSE. -Taythook and Media

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