Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer this homework question, thanks! Question 21 3 pts Fill out the table using exponential forecasting with an alpha of 0.3. What is the

please answer this homework question, thanks!

image text in transcribed
Question 21 3 pts Fill out the table using exponential forecasting with an alpha of 0.3. What is the Root Mean Square Error (RMSE) based on the exponential forecasting? Round the RMSE to the nearest whole number (Ex. 14) after reaching the end of the problem. Do not round the calculations while working the problem - for the forecasts keep all decimal points (longest will be to three decimal places, ex. 0.114). The naive forecast for June 9 should count in your calculations of the error (forecast error and counted as a day for finding the mean error). Day 6/8/2021 6/9/2021 6/10/2021 6/11/2021 Actual 68 74 72 70 Value Exponential 68 Forecasting

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Mathematics questions

Question

Why does sin 2x + cos2x =1 ?

Answered: 1 week ago

Question

What are DNA and RNA and what is the difference between them?

Answered: 1 week ago

Question

Why do living creatures die? Can it be proved that they are reborn?

Answered: 1 week ago

Question

Identify cultural barriers to communication.

Answered: 1 week ago