Show how you calculated each forecast

Reference no: EM131899536

Question: Valles Global Industries has a division that operates a fishing fleet that fishes for Alaskan cod. In the table entitled "Cod Catch" in the attached file, you will find the history of the fleet's catches over 24 months. Develop a forecasting model for the fleet that illustrates the forecast for 24 months plus month 25. Use a smoothing factor (alpha) of .1. Show how you calculated each forecast and the forecast error. Discuss the smoothing factor-will changing this factor improve your forecast? How?

Cod catch (in tons):

Month	Year 1	Year 2
January	362	276
February	381	334
March	317	394
April	297	334
May	399	384
June	402	314
July	375	344
August	349	337
September	386	345
October	328	362
November	389	314
December	343	365

Reference no: EM131899536

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