The number of products sold for the past several months is given
along with the forecasts...
60.1K
Verified Solution
Link Copied!
Question
Basic Math
The number of products sold for the past several months is givenalong with the forecasts using both 3-month moving average andexponential smoothing (α = .2). Determine the better forecast usingthe MSE.
Month
Sales
3-month moving average
Error
Exponential
Smoothing
Error
Jan
13
Feb
18
March
15
Apr
12
May
14
June
15
July
10
Answer & Explanation
Solved by verified expert
3.8 Ratings (502 Votes)
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
