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For exponential smoothing forecasting with an alpha of 0.1, the MSE (mean squared error) is 2.98. Using an alpha of 0.05, the MSE is 1.32. Using the MSE, which value of alpha provides the best estimate? 1.) alpha = 0.1 2.) alpha = 0.05

For exponential smoothing forecasting with an alpha of 0.1, the MSE (mean squared error) is 2.98. Using an alpha of 0.05, the MSE is 1.32. Using the MSE, which value of alpha provides the best estimate? 1.) alpha = 0.1 2.) alpha = 0.05

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 22SGR
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For exponential smoothing forecasting with an alpha of 0.1, the MSE (mean squared error) is 2.98.  Using an alpha of 0.05, the MSE is 1.32.

Using the MSE, which value of alpha provides the best estimate? 

1.) alpha = 0.1
2.) alpha = 0.05
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