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In: Statistics and Probability

(a) Exponentially smooth the time series using alpha = 0.4. Include the forecast value for the...

(a) Exponentially smooth the time series using alpha = 0.4. Include the forecast value for the time series in period 6.

(b) If the observed value in period 6 is 31, what is the MAPE of the forecast values?

Solutions

Expert Solution

Exponentially smoothing:

Forecast value for the timeseries in period of 6 is 23.37

(B) MAPE = 0.22

Formula Reference:

orchestra answered 1 year ago
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