The US monthly inflation rate for 2016 is shown below: a. Compute the inflation rate for January

Question:

The US monthly inflation rate for 2016 is shown below:

Inflation Month Month Inflation 0.8 January 1.4 July February 1.0 August 1.1 March September 0.9 1.5 April 1.1 October 1

a. Compute the inflation rate for January 2017 using the exponential smoothing forecast using α = 0.3 and 0.5. Assume that the forecast for February is 1.

b. What is the MAD for the forecasts generated using exponential smoothing method?

Fantastic news! We've located the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Principles of Supply Chain Management A Balanced Approach

ISBN: 978-1337406499

5th edition

Authors: Joel D. Wisner, Keah Choon Tan, G. Keong Leong

Question Posted: