Foreign fish production. Overfishing and pollution of U.S. coastal waters have resulted in an increased dependence by the United States on the fishing grounds of other coun- tries. The table below describes the annual fish catch (in thousands of metric tons) in all fishing areas of Peru and Chile for the years 2000 to 2008. Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 Chile 4,692 4,363 4,817 4,176 5,584 5,029 4,971 4,636 4,398 Peru 10,665 7,990 8,775 6,100 9,627 9,416 7,046 7,250 7,406 Source: United States Census Bureau. a. Compute an exponentially smoothed series for both Chile and Peru, using a smoothing coefficient of w= .5. b. Plot both actual series and both smoothed series on the same graph. Describe the differences in variation of catches over time between the two countries. For exam- ple, do they move up and down together over time?

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Foreign fish production. Overfishing and pollution of U.S.
coastal waters have resulted in an increased dependence
by the United States on the fishing grounds of other coun-
tries. The table below describes the annual fish catch (in
thousands of metric tons) in all fishing areas of Peru and
Chile for the years 2000 to 2008.
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
Chile
4,692
4,363
4,817
4,176
5,584
5,029
4,971
4,636
4,398
Peru
10,665
7,990
8,775
6,100
9,627
9,416
7,046
7,250
7,406
Source: United States Census Bureau.
a.
Compute an exponentially smoothed series for both
Chile and Peru, using a smoothing coefficient of w= .5.
b. Plot both actual series and both smoothed series on
the same graph. Describe the differences in variation of
catches over time between the two countries. For exam-
ple, do they move up and down together over time?
Transcribed Image Text:Foreign fish production. Overfishing and pollution of U.S. coastal waters have resulted in an increased dependence by the United States on the fishing grounds of other coun- tries. The table below describes the annual fish catch (in thousands of metric tons) in all fishing areas of Peru and Chile for the years 2000 to 2008. Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 Chile 4,692 4,363 4,817 4,176 5,584 5,029 4,971 4,636 4,398 Peru 10,665 7,990 8,775 6,100 9,627 9,416 7,046 7,250 7,406 Source: United States Census Bureau. a. Compute an exponentially smoothed series for both Chile and Peru, using a smoothing coefficient of w= .5. b. Plot both actual series and both smoothed series on the same graph. Describe the differences in variation of catches over time between the two countries. For exam- ple, do they move up and down together over time?
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