Find out the one-step-ahead forecasts for february

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Reference no: EM1375899

Q. Halsoy, Inc., produces a solar-powered electronic calculator that has experienced the following monthly sales history for the first four months of the yr, in thousands of units:
January
23.3
March
30.3
February
72.3
April
15.5

a. Find out the one-step-ahead forecasts for February through May using Exponential smoothing with a smoothing constant of α = 0.15.

b. Repeat the calculation in part (a) for a value of α = 0.40.

c. Compute the MSE for the forecasts obtained in parts (a) also (b) for February through April. Which value of α gave more accurate depends on MSE

Reference no: EM1375899

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