3. The Krov band is touring the UK. They have
played eight dates and already their...
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Advance Math
3. The Krov band is touring the UK. They haveplayed eight dates and already their tour is a great success. Totalpost-gig sales (merchandising, CDs etc.) on each date havebeen:
Date no.
Sales (£000s)
1
3
2
7
3
15
4
14
5
18
6
21
7
16
8
22
9
Apply the exponential smoothing model with a coefficient of 0.4to predict the value of post-gig sales after the next tour date(Date no. 9).
Compute the Mean Square Deviation (MSD).
Exponential smoothing with a coefficient of 0.6 was found tohave a MSD = 28.592. Which model is better in terms ofprediction?
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