Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month Price Per Chip Month Price Per Chip $1.90 $1.61 $1.80 January February July August September October $1.83 March $1.60 $1.60 Аpril May $1.85 $1.57 $1.62 $1.75 $1.90 November June $1.95 December This exercise contains only part d. With a = 0.1 and the initial forecast for October of $1.83, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Oct Nov Dec Forecast $1.83 Nith a = 0.3 and the initial forecast for October of $1.77, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places):
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month Price Per Chip Month Price Per Chip $1.90 $1.61 $1.80 January February July August September October $1.83 March $1.60 $1.60 Аpril May $1.85 $1.57 $1.62 $1.75 $1.90 November June $1.95 December This exercise contains only part d. With a = 0.1 and the initial forecast for October of $1.83, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Oct Nov Dec Forecast $1.83 Nith a = 0.3 and the initial forecast for October of $1.77, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places):
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Topic Video
Question

Transcribed Image Text:Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows:
Month
Price Per Chip
Month
Price Per Chip
$1.90
$1.61
$1.80
$1.83
January
July
August
September
February
March
$1.60
$1.60
April
$1.85
October
$1.57
Мay
$1.90
November
$1.62
June
$1.95
December
$1.75
This exercise contains only part d.
With a = 0.1 and the initial forecast for October of $1.83, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places):
Month
Oct
Nov
Dec
Forecast
$1.83
With a = 0.3 and the initial forecast for October of $1.77, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places):
Month
Oct
Nov
Dec
Forecast
$1.77
With a = 0.5 and the initial forecast for October of $1.72, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places):
Month
Oct
Nov
Dec
Forecast
$1.72
Enter your answer in each of the answer boxes.
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!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 4 images

Knowledge Booster
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.Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

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
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman