The Managers of the Firm Are Considering Between Two Different

Essay

The managers of the firm are considering between two different weights for exponential forecasts for the sales of the firm. Finish the table. Then, using the root mean square error formula and the finished table, decide which of the weights provides better forecast.
$$\begin{array} { | l | l | l | l | } \hline \text { Quarter } & \text { Actual } & \text { Forecast } ( \mathrm { w } = 0.3 ) & \text { Forecast } ( \mathrm { w } = 0.6 ) \\\hline 1 & 42 & 42 & 42 \\\hline 2 & 45 & & \\\hline 3 & 44 & & \\\hline\end{array}$$