Which of these two forecasting approaches is preferred

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Reference no: EM132166785

For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84,83,83,84,85,84,82,83,84, and 83. Using excel.

A. Compute the MSE’s for two forecasts, one using a 2 month moving average and the other exponential smoothing with a value of 0.25.

B. Which of these two forecasting approaches is preferred? Please be sure to explain why you have reached this conclusion.

Reference no: EM132166785

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