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Hello could someone please have a go at this question please? Ten weeks of data on the Commodity Futures Index are 7.35, 7.40, 7.55, 7.56,
Hello could someone please have a go at this question please?
Ten weeks of data on the Commodity Futures Index are 7.35, 7.40, 7.55, 7.56, 7.60, 7.52, 7.52, 7.70, 7.62, and 7.55.
a.) Construct a time series plot. What type of pattern exists in the data?
b.) Compute the exponential smoothing forecasts for =.2.
c.) Compute the exponential smoothing forecasts for =.3.
d.) Which exponential smoothing constant provides more accurate forecasts based on MSE? Forecast week 11.
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