Following are time-series data for eight different periods. Use exponential smoothing to forecast
Question: 6 Following are time-series data for eight different periods. Use exponential smoothing to forecast the values for periods 3 through 8. Use the value for the first period as the forecast for the second period. Compute forecasts using two different values of alpha, a = .1 and a = .8. Compute the errors for each forecast and compare the errors produced by using the two different exponential smoothing constants.
| Time Period | Value | Time Period | Value |
| 1 | 211 | 5 | 242 |
| 2 | 228 | 6 | 227 |
| 3 | 236 | 7 | 217 |
| 4 | 241 | 8 | 203 |
Price: $2.99
Answer: The solution consists of 2 pages
Solution Format: Word Document
Solution Format: Word Document
