How to compare the forecasts using mse


The number of pizzas ordered on Friday evenings between 5:30 and 6:30 at a pizza delivery location for the last 10 weeks is shown below. Use exponential smoothing with smoothing constants of .3 and .6 to forecast a value for week 11. Compare your forecasts using MSE. Which smoothing constant would you prefer?

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Accounting Basics: How to compare the forecasts using mse
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