Answer to Question #304105 in Management for avinash

Question #304105

The table mentioned below shows the “Gross Production of Energy by Two Sources in India from 2010-11 to 2015-16”. Adopt Exponential Smoothing Method. Consider the Alpha (α) values 0.2, 0.5, 0.7 and find out the one that is comparatively good for the prediction.

Expert's answer

Alpha value 0.7 is a high value for alpha, which tracks the data more closely by giving more weight to recent data results.

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