Unformatted text preview: α = 0.4 Assume that you are given a forecast of 25 for the month of January (Hint: Due to this given information, you do not have to use Naïve forecast as a starting point for February). c. Compute the value of forecast accuracy with one of the forecast metrics (MAD or MSE) for the Exponential smoothing approach in (b)? (Use one of the metrics, MAD or MSE. You do not have to present results with both of them). (30 points)...
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- Spring '07
- Time series analysis, Exponential Smoothing approach, solar-powered electronic calculator