[Q14)Another analyst obtained predictions using exponential smoothing (note that some values are missing):ForecastSeptember 30, 20191500.30October 31, 20191577.70November 30, 20191590.40December 31, 20191587.301530.70January 31, 20201591.201542.02February 29, 20201577.00March 31, 20201584.60April 30, 20201600.80May 31, 20201612.70June 30, 20201610.30July 31, 20201623.40August 31, 20201625.70September 30, 20201655.701599.26What value of alpha (to the nearest one decimal) was the analyst using?Mas.

The exponential smoothening forecast using can be obtained by the formula- Ft+1=αYt+1-αFt

[Q14) Another analyst obtained predictions using exponential smoothing (note that some values are missing): Forecast September 30, 2019 1500.30 October 31, 2019 1577.70 November 30, 2019 1590.40 December 31, 2019 1587.30 1530.70

[Q14) Another analyst obtained predictions using exponential smoothing (note that some values are missing): Forecast September 30, 2019 1500.30 October 31, 2019 1577.70 November 30, 2019 1590.40 December 31, 2019 1587.30 1530.70

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter4: Polynomial And Rational Functions

Section4.6: Rational Functions

Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.

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Question

[Q14)
Another analyst obtained predictions using exponential smoothing (note that some values are missing):
Forecast
September 30, 2019
1500.30
October 31, 2019
1577.70
November 30, 2019
1590.40
December 31, 2019
1587.30
1530.70
January 31, 2020
1591.20
1542.02
February 29, 2020
1577.00
March 31, 2020
1584.60
April 30, 2020
1600.80
May 31, 2020
1612.70
June 30, 2020
1610.30
July 31, 2020
1623.40
August 31, 2020
1625.70
September 30, 2020
1655.70
1599.26
What value of alpha (to the nearest one decimal) was the analyst using?
Mas.

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