recasts and actual sales of MP3 players at Just Say Music are as follows: Month Forecast Actual Sales March 180 170 April 230 245 May 213 197 June 260 242 July 274 252 August 250 200 September 260 210 October 255 178 SE values based on the two- and three-period moving average are 800.25 and 1,043.13, respectively.

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4.

Forecasts and actual sales of MP3 players at Just Say Music are as follows:
Month
Forecast Actual Sales
March
180
170
April
230
245
Мay
213
197
June
260
242
July
274
252
August
250
200
September
260
210
October
255
178
MSE values based on the two- and three-period moving average are 800.25 and 1,043.13, respectively.
Find the best single exponential smoothing model by evaluating the MSE from 0.1 to 0.9, In increments of 0.1. Do not round intermediate calculations. Round
your answers to two decimal places.
Alpha
MSE
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
The model based on a smoothing constant of-Select- vis the best.
Transcribed Image Text:Forecasts and actual sales of MP3 players at Just Say Music are as follows: Month Forecast Actual Sales March 180 170 April 230 245 Мay 213 197 June 260 242 July 274 252 August 250 200 September 260 210 October 255 178 MSE values based on the two- and three-period moving average are 800.25 and 1,043.13, respectively. Find the best single exponential smoothing model by evaluating the MSE from 0.1 to 0.9, In increments of 0.1. Do not round intermediate calculations. Round your answers to two decimal places. Alpha MSE 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 The model based on a smoothing constant of-Select- vis the best.
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