Use the data for the share of total shipment of music that falls in the category of
Question:
Use the data for the share of total shipment of music that falls in the category of rock music from 1991-2008.
a. Make a forecast for the share of rock music in 2009 using the exponential smoothing method with α = 0.4.
b. Make a forecast for the share of rock music in 2009 using the exponential smoothing method with α = 0.6.
c. Use the MSE to pick the appropriate speed of decline for making a forecast for the share of rock music in 2009.
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a Given that 1991 348 3480 1992 316 3352 3480 320 10240 1993 ...View the full answer
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