Based on the Following Data,a Forecaster Used Simple Exponential Smoothing

question 93

Multiple Choice

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.

• A)3.0
• B)1.80
• C)1.643
• D)1.924

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Confidence Interval

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The contamination of the natural environment by harmful substances or energies, leading to adverse effects on living organisms and ecosystems.

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The condition of working for pay, involving a formal agreement between an employer and an employee.