Subsiquent data which represents demand for company

Assignment Help Basic Statistics

Reference no: EM1316142

Compare two moving averages using MSE and compute Exponential smoothing.

The following data represents demand for company ABC's products for the last 10 months.

Months	Demand
1 2 3 4 5 6 7 8 9 10	450 463 520 500 510 516 534 525 530 534

(a) Use the mean square error to compare between the three-month and the two-month moving averages.

(b) Use α= .2 to compute exponential smoothing values for the time series.

Reference no: EM1316142

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