Calculate the mean squared deviation (msd) of the errors

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Reference no: EM131404551

The bookings taken by an airline on the first eight days after a well-publicized aviation accident were:

(a) Produce predictions up to and including day 9 using the exponential smoothing model with a smoothing constant of 0.3 and calculate the mean squared deviation (MSD) of the errors.

(b) Construct predictions to day 9 using a smoothing constant of 0.6 and compute the MSD of the errors. Is this a better model?

Reference no: EM131404551

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