A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Question
For exponential smoothing forecasting with an alpha of 0.1, the MSE (mean squared error) is 2.98. Using an alpha of 0.05, the MSE is 1.32.
Using the MSE, which value of alpha provides the best estimate?
1.) alpha = 0.1
2.) alpha = 0.05
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