Question
The given table shows the rainfall of the Gujarat Region. Forecast the rainfall using Exponential Smoothing. Use Alpha =0.2, 0.5 and 0.8. Data is available
The given table shows the rainfall of the Gujarat Region. Forecast the rainfall using Exponential Smoothing. Use Alpha =0.2, 0.5 and 0.8. Data is available from 1997 to 2016, use this series for the calculation and forecast the rainfall for the year 2017. To know, what extent the prediction is correct, actual rainfall for 2017 (1024.4 millimeters) is provided. Based on MSE and MAD, find out which alpha values among the three suggestions are relatively near to actual value?
SUBDIVISION YEAR ANNUAL(in mm)
Gujarat Region 1997 1068.9
Gujarat Region 1998 1070
Gujarat Region 1999 568.4
Gujarat Region 2000 550.6
Gujarat Region 2001 849
Gujarat Region 2002 637.2
Gujarat Region 2003 1160.3
Gujarat Region 2004 1005.8
Gujarat Region 2005 1316.4
Gujarat Region 2006 1478
Gujarat Region 2007 1178.9
Gujarat Region 2008 911.1
Gujarat Region 2009 641.6
Gujarat Region 2010 1088.7
Gujarat Region 2011 890.5
Gujarat Region 2012 714
Gujarat Region 2013 1118.6
Gujarat Region 2014 705.7
Gujarat Region 2015 622.9
Gujarat Region 2016 764.9
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