The following table shows the average price of tomatoes (in dollars per pound) in certain country from 2017 to 2021 Year Price 2017 1.715 2018 0.942 2019 0.916 2020 1.181 2021 1.614 Use 2017 as the base period to compute the simple index for this time series By what percentage did the price of tomatoes increase or decrease between 2017 and 2021? Calculate an exponential smoothed series for this time series, using ? = 0.6. Forecast the price of tomatoes in 2022.
The following table shows the average price of tomatoes (in dollars per pound) in certain country from 2017 to 2021 Year Price 2017 1.715 2018 0.942 2019 0.916 2020 1.181 2021 1.614 Use 2017 as the base period to compute the simple index for this time series By what percentage did the price of tomatoes increase or decrease between 2017 and 2021? Calculate an exponential smoothed series for this time series, using ? = 0.6. Forecast the price of tomatoes in 2022.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
- The following table shows the average price of tomatoes (in dollars per pound) in certain country from 2017 to 2021
Year |
Price |
2017 |
1.715 |
2018 |
0.942 |
2019 |
0.916 |
2020 |
1.181 |
2021 |
1.614 |
- Use 2017 as the base period to compute the simple index for this time series
- By what percentage did the price of tomatoes increase or decrease between 2017 and 2021?
- Calculate an exponential smoothed series for this time series, using ? = 0.6. Forecast the price of tomatoes in 2022.
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