Refer to Problem 4.2. Develop a forecast for years 2 through 12 using exponential smoothing with a=4
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Refer to Problem 4.2. Develop a forecast for years 2 through 12 using exponential smoothing with a=4 and a forecast for year 1 of 6.
Plot your new forecast on a graph with the actual data and the naive forecast. Based on a visual inspection, which forecast is better? P
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