a. Compare a three-month moving average forecast with an exponential smoothing forecast. Use a = .1. Which provides the better forecasts based on MSE? b. Find the forecast for the next month using the best forecast method.

a. Compare a three-month moving average forecast with an exponential smoothing forecast. Use a = .1. Which provides the better forecasts based on MSE? b. Find the forecast for the next month using the best forecast method.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...

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