A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 40 million, while the forecast was 42 million. A smoothing constant of 0.15 is used. a) Using exponential smoothing and given a, the forecast for the month of July = million checks received (round your response to one decimal place). b) If the check-processing center received 46 million checks in the month of July, then using exponential smoothing and given a, the forecast for the month of August = million checks received (round your response to one decimal place). c) Exponential smoothing may not be an appropriate method to use for the check-processing center because: O A. the check-processing center should observe an increasing trend in its processing requirements. O B. the check-processing center should observe a cyclical trend in its processing requirements. O C. the check-processing center's forecast is very hard make as its processing requirements should have a very high variability. O D. the check-processing center should observe seasonality its processing requirements.

A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 40 million, while the forecast was 42 million. A smoothing constant of 0.15 is used. a) Using exponential smoothing and given a, the forecast for the month of July = million checks received (round your response to one decimal place). b) If the check-processing center received 46 million checks in the month of July, then using exponential smoothing and given a, the forecast for the month of August = million checks received (round your response to one decimal place). c) Exponential smoothing may not be an appropriate method to use for the check-processing center because: O A. the check-processing center should observe an increasing trend in its processing requirements. O B. the check-processing center should observe a cyclical trend in its processing requirements. O C. the check-processing center's forecast is very hard make as its processing requirements should have a very high variability. O D. the check-processing center should observe seasonality its processing requirements.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: 1. Make a scatter plot of the table provided in the image. B. Write a linear/exponential equation…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Median household income sharply increased in 2015 by 5.2% but only grew by 1.8% in 2017 to $61,372.…

A: a) Assume the median income in 2016 is x.

Q: In 1995, there were 315 death sentences rendered by American juries. For the period from 1995…

A: Let after x years American juries render 29 death sentences. Given that each year the number…

Q: A Webmaster has tracked an increasing number of registered users since the beginning of an…

Q: A sample of bacteria starts with 600 bacteria and doubles every month. a. Describe the input…

Q: Tacoma's population in 2000 was about 200 thousand, and has been growing by 8% each year. If this…

A: Given : Population at the beginning of 2000 was 200,000. There is a compounding effect in the growth…

Q: Estimate the retails sales in the U. S. in 2013. billions of dollars. Use the model to predict the…

Q: In the middle of the year, the price of raw material decreased by 8%. How would this increase affect…

A: Accounting

Q: The Consumer Price Index (CPI) is a measure of the average change in price over time from a…

A: Given Model sold for 12000 in 1999

Q: On September 28, 2012. The Wall Street Journal reported that in the second quarter, the number of…

A: Percentage: In mathematics, a percentage is a number or ratio which is expressed in terms of a…

Q: The January 2010 National Health Expenditures report stated that overall health care spending in the…

A: Given data: The January 2010 National Health Expenditures report stated that overall health care…

Q: The S & P Stock index showed a rise in stock value of 28.9% on average in 2019. Since the…

A: we invested $500 in the initial of 2019, It is given that Average return of year 2019 is 28.9%, it…

Q: the average sale of a house decreased from 333,000 in february 2008 to 158,000 in february 2013 what…

Q: The cost of fuel is the largest component of cost of ownership for most vehicles. Fuel cost is…

Q: A helpline usually gets 4 phone calls per hour. Assume that the number of phone calls is…

Q: State whether the following statement is true or false, and explain why. If the statement is false,…

A: let the average score be 'x'then after one year the score were down by 6%so, the score after one…

Q: A Data Analytics student wishes to forget about this test and goes to the nearest bar. The student…

A: In this problem, we will use linear programming to help a Data Analytics student determine the…

Q: Classify the following as a linear relationship, exponential relationship, or neither. Explain your…

A: We need to determine relation.

Q: With 800 bacteria and doubles about every month. a. Describe the input variable. b. Describe the…

A: Solution : Given that : A sample of bacteria starts with 800 bacteria and doubles about every month.…

Q: A certain toll road averages 238,000 cars per day when charging $1 per car. A survey concluded that…

Q: The number of hours of video uploaded to YouTube per minute is shown in the table below. Year # of…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: In 1994, there were 714 violent crime incidents per 100,000 Americans. For the period from 1994…

A: given In 1994 714 violent crime incidents per 100,000 Americans

Q: Two companies report a 15% gain in online sales over the last year. Suppose Company Q had 25 online…

Question

A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 40 million, while the forecast was 42 million. A smoothing constant of 0.15 is used.
a) Using exponential smoothing and given a, the forecast for the month of July =
million checks received (round your response to one decimal place).
b) If the check-processing center received 46 million checks in the month of July, then using exponential smoothing and given a, the forecast for the month of August =
million checks received (round your response to one decimal place).
c) Exponential smoothing may not be an appropriate method to use for the check-processing center because:
A. the check-processing center should observe an increasing trend in its processing requirements.
B. the check-processing center should observe a cyclical trend in its processing requirements.
C. the check-processing center's forecast is very hard to make as its processing requirements should have a very high variability.
O D. the check-processing center should observe seasonality in its processing requirements.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Time Series Analyses, Forecasting Methods, and Indices$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

In 2000, 12.8% of vehicles sold were off-road vehicles. In 2010, that number decreased to 10.2%. Calculate and interpret the relative change in the number of off-road vehicles sold from 2000 to 2010.
The percentage of high school seniors using alcohol decreased from 68.4% in 1975 to 52.4% now. Express this change in two ways: (1) as an absolute difference in terms of percentage points and (2) as a relative difference in terms of percent. (1) The percentage of high school seniors using alcohol decreased by (Round to the nearest tenth as needed.) percentage points. %. (2) The percentage of high school seniors using alcohol decreased by (Round to the nearest tenth as needed.)
Eloise needs to finish a 516-page report on international trade so she can present it at the big conference this weekend. She's been tracking her page count at the end of each business day to see if she's on track. Use Excel to fit a trendline to Eloise's data to create a model of her productivity. According to your model, will Eloise be able to finish her report by the end of the day next Friday? Assume she works only on weekdays. Day Pages Monday 425 Tuesday 431 Wednesday 449 Thursday 464 Friday 471 A: Use Excel to fit a trendline to Eloise's data. What are the slope and intercept for this line? The slope is The intercept is B: Use your model (trendline) to answer the question. Will Eloise finish her report by the end of next friday? Yes
Despite booming new car sales with their cha-ching sounds, the average age of vehicles on roads is not going down. The bar graph shows the average price of new cars in Country A and the average age of cars on roads for two selected years. In 2014, the average price of a new car was $37,600. For the period shown, new-car prices increased by approximately $1250 per year. If this trend continues, how many years after 2014 will the price of a new car average $43,850? In which year will this occur?
According to an organization, there are five leading causes of preventable death in a region. They are shown in the graph to the right, where HBP is High Blood Pressure, TU is Tobacco Use, HBG is High Blood Glucose, PA is Physical Activity, and 00 and Overweight and Obesity. Use the graph to complete parts (a) Millions in One Year ळतळजवलतत्व HBP TU a. Estimate how many preventable deaths result from high blood pressure. Approximately million preventable deaths in one year result from high blood pressure. (Round to one decimal place as needed.) HBG Li PA 00
The percentage of mothers who smoke cigarettes during pregnancy has declined approximately linearly from13.1% in 1997 to 12.3% in 2004 Predict the percentage in 2015.
For the second quarter of 2016, a company posted a loss of $588 million due to a decline in sales. If this trend were consistent for each month of the quarter, how much loss would be expected for each month?