a. Use the values values of Y for the next two months, using simple exponential smoothing with w = 0.7. b. Use the Holt model wvith w = 0.7 and v = 0.7 to forecast the values of Y for the next two months

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17) Consider the monthly time series shown in the table.
t
Month
January
February
March
April
May
June
July
August
September
October
November
December
185
192
189
201
195
199
206
203
208
209
218
216
1
2
4.
6.
7
8.
96.
10
11
12
a. Use the values of Y in the table to forecast the
values of Y for the next two months, using simple
exponential smoothing with w = 0.7.
b. Use the Holt model with w 0.7 and v 0.7
to forecast the values ofY for the next two
months.
Transcribed Image Text:17) Consider the monthly time series shown in the table. t Month January February March April May June July August September October November December 185 192 189 201 195 199 206 203 208 209 218 216 1 2 4. 6. 7 8. 96. 10 11 12 a. Use the values of Y in the table to forecast the values of Y for the next two months, using simple exponential smoothing with w = 0.7. b. Use the Holt model with w 0.7 and v 0.7 to forecast the values ofY for the next two months.
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