Tuesday, December 26, 2017

Time series data and exponential smoothing forecasting

You are using exponential smoothing method to forecast the number of claims in health insurance.

a) How much weightage is given to actual claim data of 6th month behind the forecast month? Assume the value of smoothing factor other than 0 and 1 while answering this question. 
    
b) Give two examples of time series data and one example of such data that is not time series. 

The answer is available at

https://drive.google.com/file/d/1xBFEe5D0VxbNvVjZsEDF7z9P5rqR834O/view?usp=sharing

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