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)|
Data Source: Data.gov.in
Note: You are advised to calculate manually, do not use any software.
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