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Exponential Smoothing Forecast
Given the following data, use
exponential smoothing with a=0.2 and a=0.5 to generate forecasts for periods 2
through 6. Use MAD and MSE to decide which of the two models produced a better
forecast.
Period Actual Forecast
1 15 17
2 18
3 14
4 16
5 13
6 16
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