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Actual Sales of a Company (In Millions of Dollars)for January

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Essay

Actual sales of a company (in millions of dollars)for January through April are shown below.
Actual sales of a company (in millions of dollars)for January through April are shown below.     a.Use= 0.3 to compute the exponential smoothing values for sales.Compute MSE and forecast sales for May.Show all of your computations from February through May. b.Use= 0.1 to compute the exponential smoothing values for sales.Compute MSE and forecast sales for May.Show all of your computations from February through May. c.Based on MSE,whichprovides a better forecast? Explain why?
a.Use= 0.3 to compute the exponential smoothing values for sales.Compute MSE and forecast sales for May.Show all of your computations from February through May.
b.Use= 0.1 to compute the exponential smoothing values for sales.Compute MSE and forecast sales for May.Show all of your computations from February through May.
c.Based on MSE,whichprovides a better forecast? Explain why?


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