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A simple exponential with the smoothing coefficient set at 0.5 is run on 5 time periods of variable Y with the Megastat output provided below:
A simple exponential with the smoothing coefficient set at 0.5 is run on 5 time periods of variable Y with the Megastat output provided below: Simple Exponential Smoothing 1 2 3 4 5 10 15 15 25 55 Alpha .50 Smoothed 10.0 10.0 12.5 13.8 19.4 37.2 Forecast % error 1 10 10 13 14 19 37 0.0 33.3 16.7 45.0 64.8 285.4 Mean Squared Error 32.0% Mean Absolute Percent Error 80.0% Percent Positive Errors What is the value of the forecast for Y when t = 6? Report your answer as a whole number.
2. t=8? Report as a whole number.
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