The following time series shows the sales of a particular product over the past 6 months. Time (months) Sales (Y) E F 1 100 2 130 3 125 4 105 5 90 6 120 7 8 Use w = 0.2 to compute the exponential smoothing values for the time series. What is the forecast for the next two months? Graph initial and smoothed time series.
The following time series shows the sales of a particular product over the past 6 months. Time (months) Sales (Y) E F 1 100 2 130 3 125 4 105 5 90 6 120 7 8 Use w = 0.2 to compute the exponential smoothing values for the time series. What is the forecast for the next two months? Graph initial and smoothed time series.
Chapter10: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 442RE: Jerome invests $18,000 at age 17. He hopes the investments will be worth $30,000 when he turns 26....
Related questions
Question
The following time series shows the sales of a particular product over the past 6 months.
|
Time (months) |
Sales (Y) |
E |
F |
|
1 |
100 |
|
|
|
2 |
130 |
|
|
|
3 |
125 |
|
|
|
4 |
105 |
|
|
|
5 |
90 |
|
|
|
6 |
120 |
|
|
|
7 |
|
|
|
|
8 |
|
|
|
- Use w = 0.2 to compute the exponential smoothing values for the time series.
- What is the forecast for the next two months?
- Graph initial and smoothed time series.
- Does your forecast seem to be reasonable? Explain your answer.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps with 1 images
Recommended textbooks for you
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt