Exponential Smoothing Forecast | Forecast Errors, Absolute Errors, MAD, MSE, MAPE | ShinStats

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  • čas pƙidĂĄn 2. 06. 2024
  • Exponential Smoothing Forecast | Forecast Errors, Absolute Errors, MAD, MSE, MAPE | ShinStats
    Challenge:
    Given the weekly demand data, what are the exponential smoothing forecasts for Periods 2-10 using:
    (Assume the first forecast value to be equal to the first demand value of 820)
    A) đ›Œ=0.10
    B) đ›Œ=0.60
    In addition, calculate the associated forecast errors, absolute errors, mean squared error, and mean absolute percentage error.

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