Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You've made a forecast using a simple exponential smoothing model based on past sales from 100 periods. By minimizing rMSE between your forecast and actual

You've made a forecast using a simple exponential smoothing model based on past sales from 100 periods. By minimizing rMSE between your forecast and actual sales data, you can find the optimal value for alpha. Suppose there is a large shock to your actual sales and the shock happened in period 50; how would you anticipate this affecting the newly optimal value of alpha? Group of answer choices New optimal alpha is larger in value than old optimal alpha New optimal alpha is smaller in value than old optimal alpha

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

Ethics for the Information Age

Authors: Michael J. Quinn

7th edition

134296540, 9780134296623 , 978-0134296548

More Books

Students also viewed these General Management questions