What is Exponential Smoothing ? - 3 Types of Exponential Smoothing | Analytics Steps

5 Advantages and Disadvantages of Exponential Smoothing

Exponential Smoothing: Definition of Simple, Double and Triple

Consider the following time series data. Month 1 2 3 4 5 6 7 Value 24 13 20 12 19 23 15 Construct a time series plot. What type of pattern exists in the data? a. Develop the three-week moving average forecasts for this time series. Compute MSE and a forecast for week 8 b. Use α=.2 to compute the exponential smoothing forecasts for the time series. Compute MSE and a forecast for week 8 c. Compare the three-week moving average ap