(Solution) - Create an exponential smoothing model that minimizes the MSE for -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

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Create an exponential smoothing model that minimizes the MSE for the data set. Use Solver to determine the optimal value of ?.
a. What is the optimal value of ??
b. Prepare a line graph comparing the exponential smoothing predictions against the original data.
c. What are the forecasts for the next two years using this technique?