Compare the accuracy of each of the forecasting methods

Reference no: EM13212956

Year Actual 5yr move 3yr exponential exponential demand average avg. smoothing smoothing W=0.9 W=0.3 2000 800 xxxxx xxxxx xxxxx xxxxx 2001 925 xxxxx xxxxx - - 2002 900 xxxxx xxxxx - - 2003 1025 xxxxx - - - 2004 1150 xxxxx - - - 2005 1160 - - - - 2006 1200 - - - - 2007 1150 - - - - 2008 1270 - - - - 2009 1290 - - - - 2010 * - - - - b) b)Using the forecasts from 2005 through 2009, compare the accuracy of each of the forecasting methods based on the RMSE criterion.

Reference no: EM13212956

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