Suppose that we produce automobile batteries. If exponential smoothing forecasts with a = 0.5 are used for forecasting,
Posted: Sun Jul 03, 2022 1:32 pm
Suppose that we produce automobile batteries. If exponentialsmoothing forecasts with a = 0.5 are used for forecasting,determine one-stepahead forecasts for months 2 through 7. Assumethat the forecast made for the first month at the end of month zerowas 30. How the forecasts will change if a = 0.15. What is thedifference between these two forecasts?