For the data in the following table, compute the simple exponential smoothing forecast of retail gas prices with α=0.3. Determine the MSE. Round your answer to fourr decimal placess L8289UndoPaste121314151617181920Clipboard1 Month-Ye Gas Price2$2.423$2.444$2.535$2.506$2.467$2.41$2.49$2.76$2.62$2.6817-Feb17-Mar17-Apr17-May17-Jun17-Jul17-Aug17-Sep17-Oct17-Nov1X ✓ fxBIU ESheet1(Ctrl)VDFontVE

Given that: Month-Year 17-Feb 17-Mar 17-Apr 17-May 17-June 17-July 17-Aug 17-Sept 17-Oct 17-Nov…

Answered: = 5 B 0 1 Month-Ye Gas Price 17-Feb…

= 5 B 0 1 Month-Ye Gas Price 17-Feb $2.42 17-Mar $2.44 17-Apr $2.53 17-May $2.50 17-Jun $2.46 17-Jul $2.41 17-Aug $2.49 17-Sep $2.76 17-Oct $2.62 17-Nov $2.68

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

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For the data in the following table, compute the simple exponential smoothing forecast of retail gas prices with α=0.3. Determine the MSE. Round your answer to fourr decimal placess

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1 Month-Ye Gas Price
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$2.42
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$2.44
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$2.53
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$2.50
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$2.46
7
$2.41
$2.49
$2.76
$2.62
$2.68
17-Feb
17-Mar
17-Apr
17-May
17-Jun
17-Jul
17-Aug
17-Sep
17-Oct
17-Nov
1X ✓ fx
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