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An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
Edition 13ISBN: 978-1439043271An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
Edition 13ISBN: 978-1439043271 Exercise 15
With the gasoline time series data from Table 5.1, show the exponential smoothing forecasts using a 5 0.1.
a. Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of a 5 0.1 or a 5 0.2 for the gasoline sales time series?
b. Are the results the same if you apply MAE as the measure of accuracy?
c. What are the results if MAPE is used?
a. Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of a 5 0.1 or a 5 0.2 for the gasoline sales time series?
b. Are the results the same if you apply MAE as the measure of accuracy?
c. What are the results if MAPE is used?
Explanation
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Summarize the data for the GS sales are ...
An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
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