Unformatted text preview: c) Which is better (using the mean absolute deviation): the 2-month average or the 3-month average? d) Compute the forecasts for each month using exponential smoothing, with an initial forecast for January of $ 1.80. Use a= .1, then a=.3, and finally a= .5. Using MAD, which a is the best?...
View Full Document
This note was uploaded on 11/02/2011 for the course BUSINESS 302 taught by Professor Yorke during the Spring '11 term at Texas Southern.
- Spring '11