Based on the following data,a forecaster used simple exponential smoothing and determined the following: S₀ = 19,S₁ = 18.6,S₂ = 19.08,S₃ = 19.064,S₄ = 19.851 and S₅ = 19.481. Calculate the average forecast error. A)3.0 B)1.80 C)1.643 D)1.924

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The Answer of Based on the following data,a forecaster used simple exponential smoothing and determined the following: S₀ = 19,S₁ = 18.6,S₂ = 19.08,S₃ = 19.064,S₄ = 19.851 and S₅ = 19.481. Calculate the average forecast error. A)3.0 B)1.80 C)1.643 D)1.924

Based on the Following Data,a Forecaster Used Simple Exponential Smoothing