Which of the above methods results in the best MAE? The best MSE? The best MAPE? Determine alpha for exponential smoothing that results in an MSE of exactly 505.
Quant decision making Using the following data: Week Sales 1 105 2 135 3 120 4 105 5 90 6 120 7 145 8 140 9 100 10 80 11 100 For each of the following forecast methods, generate a forecast for Week 12 Sales along with MAE, MSE and MAPE: 1. Naïve, 2. Historical […]