Check my workCheck My Work button is now disabled Item 15 Item 15 2 points Item Skipped Daily Spot Exchange Rate, U.S. Dollars per Pound Sterling Date   Rate   Date   Rate   Date   Rate   1-Apr-04     1.8564     13-Apr-04     1.8160     23-Apr-04     1.7674     2-Apr-04     1.8293     14-Apr-04     1.7902     26-Apr-04     1.7857     5-Apr-04     1.8140     15-Apr-04     1.7785     27-Apr-04     1.7925     6-Apr-04     1.8374     16-Apr-04     1.8004     28-Apr-04     1.7720     7-Apr-04     1.8410     19-Apr-04     1.8055     29-Apr-04     1.7751     8-Apr-04     1.8325     20-Apr-04     1.7914     30-Apr-04     1.7744     9-Apr-04     1.8322     21-Apr-04     1.7720     3-May-04     1.7720     12-Apr-04     1.8358     22-Apr-04     1.7684     4-May-04     1.7907     5-May-04     1.7932     13-May-04     1.7584     21-May-04     1.7880     6-May-04     1.7941     14-May-04     1.7572     24-May-04     1.7908     7-May-04     1.7842     17-May-04     1.7695     25-May-04     1.8135     10-May-04     1.7723     18-May-04     1.7695     26-May-04     1.8142     11-May-04     1.7544     19-May-04     1.7827     27-May-04     1.8369     12-May-04     1.7743     20-May-04     1.7710     28-May-04     1.8330            Click here for the Excel Data File   (b) Perform simple exponential smoothing (using Excel’s Data Analysis or other software such as Minitab) using α = .05, .10, .20, and .50.   The degree of smoothing   (Click to select)   varies   does not vary  dramatically as α is increased.   (c) Which value of α do you prefer? (Round your answers to 2 decimal places.)   α =    (d) Is exponential smoothing appropriate for this kind of data?     (Click to select)   Yes   No

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question
Check my workCheck My Work button is now disabled

Item 15

Item 15 2 points Item Skipped

Daily Spot Exchange Rate, U.S. Dollars per Pound Sterling
Date   Rate   Date   Rate   Date   Rate  
1-Apr-04     1.8564     13-Apr-04     1.8160     23-Apr-04     1.7674    
2-Apr-04     1.8293     14-Apr-04     1.7902     26-Apr-04     1.7857    
5-Apr-04     1.8140     15-Apr-04     1.7785     27-Apr-04     1.7925    
6-Apr-04     1.8374     16-Apr-04     1.8004     28-Apr-04     1.7720    
7-Apr-04     1.8410     19-Apr-04     1.8055     29-Apr-04     1.7751    
8-Apr-04     1.8325     20-Apr-04     1.7914     30-Apr-04     1.7744    
9-Apr-04     1.8322     21-Apr-04     1.7720     3-May-04     1.7720    
12-Apr-04     1.8358     22-Apr-04     1.7684     4-May-04     1.7907    
5-May-04     1.7932     13-May-04     1.7584     21-May-04     1.7880    
6-May-04     1.7941     14-May-04     1.7572     24-May-04     1.7908    
7-May-04     1.7842     17-May-04     1.7695     25-May-04     1.8135    
10-May-04     1.7723     18-May-04     1.7695     26-May-04     1.8142    
11-May-04     1.7544     19-May-04     1.7827     27-May-04     1.8369    
12-May-04     1.7743     20-May-04     1.7710     28-May-04     1.8330    
 

 

 
 Click here for the Excel Data File
 
(b) Perform simple exponential smoothing (using Excel’s Data Analysis or other software such as Minitab) using α = .05, .10, .20, and .50.
 
The degree of smoothing   (Click to select)   varies   does not vary  dramatically as α is increased.
 
(c)
 Which value of α do you prefer? (Round your answers to 2 decimal places.)
 
α
 = 
 
(d)
 Is exponential smoothing appropriate for this kind of data?
 
  (Click to select)   Yes   No 

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 5 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
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
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman