Given the following data, use exponential smoothing with = 0.2 and = 0.5 to generate
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Given the following data, use exponential smoothing with α = 0.2 and α = 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.
Period Actual Forecast 1 14 17 2 16 3 16 4 11 5 12 6 17
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Operations Management An Integrated Approach
ISBN: 9781119905523
8th Edition
Authors: R. Dan Reid; Nada R. Sanders
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