Evaluate mape and rmse on the test sample

Assignment Help Management Theories

Reference no: EM131448136

Question: Consider the demand data in the table below:

We want to apply exponential smoothing with trend:

• Using a fit sample of size 3, initialize the smoother using linear regression.

• Choose smoothing coefficients and evaluate MAPE and RMSE on the test sample.

• After observing demand in the last time bucket, calculate forecasts with horizons h = 2 and h = 3.

Reference no: EM131448136

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