a) Use α = 0.2 to compute the exponential smoothing forecasts for the time series.

Consider the following time series data.

Week	1	2	3	4	5	6
Value	18	11	13	10	14	12

Week	Time Series Value	Forecast
1	18
2	11	?
3	13	?
4	10	?
5	14	?
6	12	?

Compute MSE. (Round your answer to two decimal places.)

MSE =

What is the forecast for week 7? (Round your answer to two decimal places.)

Forecast=?

(e)Use a smoothing constant of α = 0.4 to compute the exponential smoothing forecasts.

Week	Time Series Value	Forecast
1	18
2	11	?
3	13	?
4	10	?
5	14	?
6	12	?

Solutions

Expert Solution

orchestra answered 1 year ago

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