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Find a value of the exponential smoothing coefficient

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Question: The following time series shows the sales of a particular product over the past 12 months.

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a. Construct a time series plot. What type of pattern exists in the data?

b. Use a 5 0.3 to compute the exponential smoothing values for the time series.

c. Use trial and error to find a value of the exponential smoothing coefficient a that results in a relatively small MSE.

Reference no: EM131668621

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