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The number of products sold for the past several months is given along with the forecasts...

The number of products sold for the past several months is given along with the forecasts using both 3-month moving average and exponential smoothing (α = .2). Determine the better forecast using the MSE.

Month

Sales

3-month moving average

Error

Exponential

Smoothing

Error

Jan

13

Feb

18

March

15

Apr

12

May

14

June

15

July

10

Solutions

Expert Solution

milcah answered 8 months ago
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