With the gasoline time series data from the given table, show the exponential smoothing forecasts using α = 0.1.

Problem 6-09 With the gasoline time series data from the given table, show the exponential smoothing forecasts using α = 0.1. Applying the MSE measure of forecast accuracy, would you prefer a smoo

Problem 6-09 With the gasoline time series data from the given table, show the exponential smoothing forecasts using α = 0.1.     Applying the MSE measure of forecast accuracy, would you prefer a smoo 1

Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of α = 0.1 or α = 0.2 for the gasoline sales time series? Do not round your interim computations and round your final answers to three decimal places.

α = 0.1 α = 0.2

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MSE fill in the blank 1

fill in the blank 2

Prefer:

b. Are the results the same if you apply MAE as the measure of accuracy? Do not round your interim computations and round your final answers to three decimal places.

α = 0.1 α = 0.2

MAE fill in the blank 4

fill in the blank 5

Prefer:

What are the results if MAPE is used? Do not round your interim computations and round your final answers to two decimal places.

α = 0.1 α = 0.2

MAPE fill in the blank 7

% fill in the blank 8

%

Prefer:

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