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Based on the Following Data, a Forecaster Used Simple Exponential

Question 37

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Based on the following data, a forecaster used simple exponential smoothing and determined the following: S0 = 19, S1 = 18.6, S2 = 19.08, S3 = 19.064, S4 = 19.851,
and S5 = 19.481.
Based on the following data, a forecaster used simple exponential smoothing and determined the following: S<sub>0</sub> = 19, S<sub>1</sub> = 18.6, S<sub>2</sub> = 19.08, S<sub>3</sub> = 19.064, S<sub>4</sub> = 19.851, and S<sub>5</sub> = 19.481. Calculate the average forecast error. Calculate the average forecast error.

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