With the gasoline time series data from the given table, show the exponential smoothing forecasts using = 0.1. (a) Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant...


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


















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















= 0.1

= 0.2
MSE







Prefer: - Select your answer -0.10.2 Item 3

















(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.















= 0.1

= 0.2
MAE







Prefer: - Select your answer -0.10.2 Item 6

















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















= 0.1

= 0.2
MAPE%%







Prefer: - Select your answer -0.10.2


Item 9


May 26, 2022
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