Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 307 Weeks Ago, 5 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 Nov 2017 My Price 5.00

Handy, Inc.,

Handy, Inc., produces a solar-powered electronic calculator that has experienced the following monthly sales history for the first four months of the year, in thousands of units:

 

a. If the forecast for January was 25, determine the one-step-ahead forecasts for February through May using exponential smoothing with a smoothing constant of ­  = 15.

b. Repeat the calculation in part (a) for a value of α = 40. What difference in the forecasts do you observe?

c. Compute the MSEs for the forecasts you obtained in parts (a) and (b) for February through April. Which value of ­ gave more accurate forecasts, based on the MSE?

Answers

(5)
Status NEW Posted 06 Nov 2017 11:11 PM My Price 5.00

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