Consider the following time series data.   Month 1 2 3 4 5 6 7 Value 24 13 20 12 19 23 15   Using the Exponential Smoothing method to forecast the next period, compute the MSE (Mean square Error). Consider: the smoothing constant (α) = 0.5 Which of the following options is the answer? Select one: a. 41.24 b. 39.95 c. 40.05 d. 41.02

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Consider the following time series data.

 

Month

1

2

3

4

5

6

7

Value

24

13

20

12

19

23

15

 

Using the Exponential Smoothing method to forecast the next period, compute the MSE (Mean square Error).

Consider: the smoothing constant (α) = 0.5

Which of the following options is the answer?

Select one:
a. 41.24
b. 39.95
c. 40.05
d. 41.02 

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