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Use the information in part a to determine the value for (alpha symbol) that produces the most accurate ES forecast. Use three values for (alpha

Use the information in part a to determine the value for (alpha symbol) that produces the most accurate ES forecast. Use three values for (alpha symbol) : 0.6, 0.8, and o.4. Base your answer on the MAD. Use a forecasted NCF of $16,000 (calculated using a 2-Day MA) for Day 3.

Part A

5 day 15,800
4 day 16,000
3 day 15,666.67
2 day 17,000

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