OMGT2228: Correct forecasts using exponential smoothing based on best value of alpha and correct calculation of MAD, MSE and MAPE: Operations Management, Assignment 1, RMIT, Singapore

University The Royal Melbourne Institute of Technology (RMIT)
Subject OMGT2228: Operations Management

Q1. Correct forecasts using exponential smoothing based on best value of alpha and correct calculation of MAD, MSE and MAPE

Q2. Explain about what the chosen value for alpha means

Q3a. Which method do you recommend and why?

Q3b. Forecast for required periods (151, 152, 153 and 154)

Q4. Correct analysis and equations related to the interest rate and the employment and Identify which variable has stronger impact and explain why.

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