Based on the Following Data, a Forecaster Used Simple Exponential

question 37

Short Answer

Based on the following data, a forecaster used simple exponential smoothing and determined the following: S₀ = 19, S₁ = 18.6, S₂ = 19.08, S₃ = 19.064, S₄ = 19.851,
and S₅ = 19.481.
Calculate the average forecast error.

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Genuine concern or curiosity about someone or something without ulterior motives.

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The exchange of information and ideas through spoken words, including face-to-face conversations, telephone calls, and public speaking.

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