Question: Ten weeks of data on the Commodity Futures Index are 7.35, 7.40, 7.55, 7.56, 7.60, 7.52, 7.52, 7.70, 7.62, and 7.55. a. Compute the exponential

Ten weeks of data on the Commodity Futures Index are 7.35, 7.40, 7.55, 7.56, 7.60, 7.52, 7.52, 7.70, 7.62, and 7.55.

a. Compute the exponential smoothing values for α = 0.2.

b. Compute the exponential smoothing values for α = 0.3.

c. Which exponential smoothing model provides the better forecasts? Forecast week 11.


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