Solution-What are the results if mape is used

What are the results if mape is used

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Reference no: EM13948221

With the gasoline time series data from Table, show the exponential smoothing forecasts using x = 0.1.

Week	1	2	3	4	5	6	7	8	9	10	11	12
Value	17	21	19	23	18	16	20	18	22	20	15	22

a. Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of x = 0.1 or x = 0.2 for the gasoline sale time series.

b. Are the results the same if you apply MAE as the measure of accuracy?

c. What are the results if MAPE is used?

Reference no: EM13948221

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What are the results if mape is used

Reference no: EM13948221

Reference no: EM13948221

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