AID21902: Based on the following data develop the forecasting model (adopt Exponential Smoothing Technique) by considering the following alpha levels. α = 0.2, 0.4, 0.6, 0.8. Write your conclusion after calculations of Errors (MAD and MSE only).
Forecast FTAs (foreign tourist arrival) for the year 2018.
Data: The following data shows the Foreign Tourist Arrival in the India from 1991 to 2017
| Year | FTAs in India (in Million) |
| 1991 | 1.68 |
| 2001 | 2.54 |
| 2002 | 2.38 |
| 2003 | 2.73 |
| 2004 | 3.46 |
| 2005 | 3.92 |
| 2006 | 4.45 |
| 2007 | 5.08 |
| 2008 | 5.28 |
| 2009 | 5.17 |
| 2010 | 5.78 |
| 2011 | 6.31 |
| 2012 | 6.58 |
| 2013 | 6.97 |
| 2014 | 7.68 |
| 2015 | 8.03 |
| 2016 | 8.8 |
| 2017 | 10.04 |
Data Source: Data.gov.in
Note: You are advised to calculate manually, do not use any software.
Answer: Download answer instantly after payment as a docx file, so you can study or prepare your home assignment work for your academic needs. Also available MBA MCQ and Quiz for NMIMS and almost all subjects, so that you can study and give exam quiz.
