Using the data from hw 3 dataxlsx forecast 2016 sales for, Business Economics

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Using the data from hw 3 dataxlsx forecast 2016 sales for

Using the data from HW 3 Data.xlsx, forecast 2016 sales for Dynamo Publishing (the first worksheet tab, DYNAMO PUBLISHING) with a smoothing parameter of: (a) α=0.5 (b) α=0.75 (c) Which of these two α’s perform better for minimizing total error? Smoothing Parameter 0.5 YEAR SALES FORECAST ERROR 2010 185 185 0 2011 164 185 21 2012 178 2013 159 2014 168 2015 125 2016 TOTAL ERROR

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