Question
Following are time-series data for ten different periods. Use exponential smoothing to forecast the values for...
Following are time-series data for ten different periods. Use exponential smoothing to forecast the values for periods 3 through 10. Use the value for the first period as the forecast for the second period. Compute forecasts using α = 0.8. Compute the MAD and MSE.
| Time period | Value |
| 1 | 27 |
| 2 | 31 |
| 3 | 58 |
| 4 | 63 |
| 5 | 59 |
| 6 | 66 |
| 7 | 71 |
| 8 | 86 |
| 9 | 101 |
| 10 | 97 |
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