Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Thank you!! 1 Part a 2 3 NO Month 1 2 3 4. 5 6 7 8 9 10 11 12 4 5 6 7

Thank you!! image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
1 Part a 2 3 NO Month 1 2 3 4. 5 6 7 8 9 10 11 12 4 5 6 7 8 9 10 11 12 13 14 NON Sales 105 140 125 110 90 120 145 135 95 75 95 115 b. Use a = 0.2 to compute the exponential smoothing forecasts for the time series (to 2 decimals). Month Time-Series Value 105 Forecast 1 140 w N 3 125 4 110 5 90 6 120 N 145 00 135 9 95 10 75 TIME 11 95 12 115 13 C. Use a smoothing constant of a = 0.5 to compute the exponential smoothing forecasts (to 2 decimals). Time-Series Month Value Forecast 105 2 140 3 125 4 110 5 90 NM N 000 6 120 7 145 8 135 9 95 10 75 11 95 12 115 13 Compute MSE (to 2 decimals). MSE (a = 0.2): MSE (a = 0.5): Does a smoothing constant of 0.2 or 0.5 appear to provide more accurate forecasts based on MSE? provides more accurate forecasts based on MSE Smoothing constant of 0.2 Smoothing constant of 0.5

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions