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Based on the Following Data,a Forecaster Used Simple Exponential Smoothing

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Essay

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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