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Which value of w produces better forecasts

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Reference no: EM131709775

Question: The following are weekly sales data, in thousands of units, for microcomputer disks:

57, 58, 60, 54, 56, 53, 55, 59, 62, 57, 50, 48, 52, 55, 58, 61

Use w = 0.3 and w = 0.8 to produce an exponential smoothing model for these data. Which value of w produces better forecasts? Explain.

Reference no: EM131709775

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