3. The following data show the number of issues from Initial Public Offerings (IPOS) from 1985 through 1997 released by the Securities Data Company. Use these data to forecast the number of issues for 1998 using exponential smoothing techniques with (a) » = .1, and (b) @ = .8. Use the value for 1985 as the forecast for 1986. Show the complete table of intermediate forecasts (1986 – 1997) which lead to your forecast for 1998 for both (a) and (b) %3D Year 1985 Number of Issues 323 1986 692 1987 518 1988 222 1989 205 1990 172 1991 366 1992 1993 512 667 1994 571 1995 575 1996 856 1997 609 Which o worked better? Why? (look at MSE)
3. The following data show the number of issues from Initial Public Offerings (IPOS) from 1985 through 1997 released by the Securities Data Company. Use these data to forecast the number of issues for 1998 using exponential smoothing techniques with (a) » = .1, and (b) @ = .8. Use the value for 1985 as the forecast for 1986. Show the complete table of intermediate forecasts (1986 – 1997) which lead to your forecast for 1998 for both (a) and (b) %3D Year 1985 Number of Issues 323 1986 692 1987 518 1988 222 1989 205 1990 172 1991 366 1992 1993 512 667 1994 571 1995 575 1996 856 1997 609 Which o worked better? Why? (look at MSE)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:3. The following data show the number of issues from Initial Public Offerings (IPOS) from
1985 through 1997 released by the Securities Data Company. Use these data to forecast
the number of issues for 1998 using exponential smoothing techniques with (a) @ = .1,
and (b) @ = .8. Use the value for 1985 as the forecast for 1986. Show the complete table
of intermediate forecasts (1986 – 1997) which lead to your forecast for 1998 for both (a)
and (b)
%3D
Year
Number of Issues
1985
323
1986
692
1987
518
1988
222
1989
205
1990
172
1991
366
1992
512
1993
667
1994
571
1995
575
1996
856
1997
609
Which o worked better? Why? (look at MSE)
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