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Develop a forecast for the day the end of the data

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Reference no: EM131963592

Problem 1: The file Walmart Closing Prices, posted on Angel contains a little more than a year's worth of the daily closing values of Walmart's stock from 2003 and 2004. Use this data to develop a forecast for the day following the end of the data (October 16 2004.)

Use the following forecasting methods:

i) Moving average forecasting with a span of 3.

ii) Exponential Smoothing with a smoothing constant α=0.5.

Use a data table to give the Forecast for 10/16/2004,MAD and MSE as the smoothing constant in part ii) varies from α=0.1 to 0.6 in increments of 0.1.

Attachment:- Data.xlsx

Reference no: EM131963592

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