only, explain which of the following forecasting method would you recommend: the Naïve method, the Average method, or the Simple exponential smoothing method (assuming alpha=0.8 and initial state o
only, explain which of the following forecasting method would you recommend: the Naïve method, the Average method, or the Simple exponential smoothing method (assuming alpha=0.8 and initial state o
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
The following monthly sales of chocolate boxes (in thousands of AUS dollars) have been
recorded for January, February, March, and April, respectively: 9.5, 8, 9, 9. Examining sales
forecast accuracy for the month of April only, explain which of the following forecasting
method would you recommend: the Naïve method, the Average method, or the Simple
exponential smoothing method (assuming alpha=0.8 and initial state of 8.5)?
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