3. Jin Hit Corporation is in the business of smart TV's. They wanted to forecast their demand forthe 8th year. Shown below is the data for the demands over the past 7 years. The companywanted to see the forecast by fitting a straight line trend to these data.X2SMART TVDemandsYearXY1120015002150423003500420051002.3. 4. An electrical contractor's records during the last five weeks indicate the number of jobrequests:Week14Requests2022182122Predict the number of requests for Week 6 using each of the following methods:A. A four period moving averageB. Exponential Smoothing with Alpha = 0.30Page 3 / 3

4. An electrical contractor's records during the last five weeks indicate the number of job requests: Week 1 2 4 Requests 20 22 18 21 22 Predict the number of requests for Week 6 using each of the following methods: A. A four period moving average B. Exponential Smoothing with Alpha = 0.30

4. An electrical contractor's records during the last five weeks indicate the number of job requests: Week 1 2 4 Requests 20 22 18 21 22 Predict the number of requests for Week 6 using each of the following methods: A. A four period moving average B. Exponential Smoothing with Alpha = 0.30

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

3. Jin Hit Corporation is in the business of smart TV's. They wanted to forecast their demand for
the 8th year. Shown below is the data for the demands over the past 7 years. The company
wanted to see the forecast by fitting a straight line trend to these data.
X2
SMART TV
Demands
Year
XY
1
1200
1500
2150
4
2300
3500
4200
5100
2.
3.

4. An electrical contractor's records during the last five weeks indicate the number of job
requests:
Week
1
4
Requests
20
22
18
21
22
Predict the number of requests for Week 6 using each of the following methods:
A. A four period moving average
B. Exponential Smoothing with Alpha = 0.30
Page 3 / 3

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