For the data in the following table, compute the simple exponential smoothing forecast of retail gas prices with a=0.4. Determine the MSE. Round your answer to four decimal places. Month-Year Gas Price Jul-14 $3.688 Aug-14 $3.565 Sep-14 $3.484 Oct-14 $3.255 Nov-14 $2.997 Dec-14 $2.632 Jan-15 $2.208 Feb-15 $2.301 Mar-15 $2.546 Apr-15 $2.555

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gn Layout
ab
as: On
11
References
A A Aa
X₂ XⓇ A- Dv A
Font
Mailings Review
A 1- V
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For the data in the following table, compute the simple exponential smoothing forecast of retail gas
prices with a=0.4. Determine the MSE. Round your answer to four decimal places.
Gas Price
Jul-14 $3.688
Aug-14 $3.565
Sep-14 $3.484
Oct-14 $3.255
Nov-14 $2.997
Dec-14 $2.632
Jan-15 $2.208
Feb-15 $2.301
Mar-15 $2.546
Apr-15 $2.555
Normal
Matthew Negre
No Spacing
Styles
Focus
Head
BA
Transcribed Image Text:gn Layout ab as: On 11 References A A Aa X₂ XⓇ A- Dv A Font Mailings Review A 1- V Accessibility: Good to go V View Help O Search E Paragraph V H Month-Year F For the data in the following table, compute the simple exponential smoothing forecast of retail gas prices with a=0.4. Determine the MSE. Round your answer to four decimal places. Gas Price Jul-14 $3.688 Aug-14 $3.565 Sep-14 $3.484 Oct-14 $3.255 Nov-14 $2.997 Dec-14 $2.632 Jan-15 $2.208 Feb-15 $2.301 Mar-15 $2.546 Apr-15 $2.555 Normal Matthew Negre No Spacing Styles Focus Head BA
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