Information about exponential smoothing forecast

Reference no: EM1398610

Given the following data, use exponential smoothing with a=0.2 and a=0.5 to generate forecasts for periods 2 through 6. Use MAD and MSE to decide which of the two models produced a better forecast.

Period Actual Forecast

1 15 17

2 18

3 14

4 16

5 13

6 16

Reference no: EM1398610

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