Actual sales of a company (in millions of dollars) for January through April are shown below. Month Sales
Jan 18
Feb 25
Mar 30
Apr 40
May
a. Use alpha = 0.3 to compute the exponential smoothing values for sales Compute MSE and forecast sales for May. Show all of your computations from February through May. b. Use alpha = 0.1 to compute the exponential smoothing values for sales. Compute MSE and forecast sales for May. Show all of your computations from February through May c. Based on MSB, which alpha provides a better forecast? Explain why?