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2 - Using the data from problem 1 , A ) Compute an exponentially smoothed forecast with alpha = 0 . 8 0 through December
Using the data from problem
A Compute an exponentially smoothed forecast with alpha through December and create a
forecast for the next month, January. Use initial forecast of for January. Find MAD.
B Compute an exponentially smoothed forecast with alpha through December and create a
forecast for the next month, January. Use initial forecast of for January. Find MAD.
C Compare the forecasts you computed by using an exponential smoothing model from part a and
b Which forecasting model does a better job?
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