(Answered) With the gasoline time series data from table show the

Statistics

With the gasoline time series data from Table, show the exponential smoothing forecasts using x = 0.1.

Week	1	2	3	4	5	6	7	8	9	10	11	12
Value	17	21	19	23	18	16	20	18	22	20	15	22

a. Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of x = 0.1 or x = 0.2 for the gasoline sale time series.

b. Are the results the same if you apply MAE as the measure of accuracy?

c. What are the results if MAPE is used?

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