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The price of bananas fluctuates on the world market. The prices (S/tonne) for the years 1999-2003 are shown in the table. a) Find a 4-year moving average prediction for the price in 2004. b) Find a prediction for 2004 with an exponential smoothing model with a = 0.3, beginning with the initial value. c) The actual price of bananas in 2004 was 483 S/tonne. Compute the absolute percentage error for each prediction. a) S/tonne (Round to two decimal places as needed.) 1999 401.88 2000 634.78 2001 478.93 2002 443.44 2003 526.58

The price of bananas fluctuates on the world market. The prices (S/tonne) for the years 1999-2003 are shown in the table. a) Find a 4-year moving average prediction for the price in 2004. b) Find a prediction for 2004 with an exponential smoothing model with a = 0.3, beginning with the initial value. c) The actual price of bananas in 2004 was 483 S/tonne. Compute the absolute percentage error for each prediction. a) S/tonne (Round to two decimal places as needed.) 1999 401.88 2000 634.78 2001 478.93 2002 443.44 2003 526.58

MATLAB: An Introduction with Applications
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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The price of bananas fluctuates on the world market. The prices ($/tonne) for the years 1999-2003 are shown in the table. a) Find a 4-year moving average prediction for the price in 2004. b) Find a prediction for 2004 with an exponential smoothing model with a = 0.3, beginning with the initial value. c) The actual price of bananas in 2004 was 483 $/tonne. Compute the absolute percentage error for each prediction. a) $/tonne (Round to two decimal places as needed.) C 1999 401.88 2000 634.78 2001 478.93 2002 443.44 2003 526.58
Transcribed Image Text:The price of bananas fluctuates on the world market. The prices ($/tonne) for the years 1999-2003 are shown in the table. a) Find a 4-year moving average prediction for the price in 2004. b) Find a prediction for 2004 with an exponential smoothing model with a = 0.3, beginning with the initial value. c) The actual price of bananas in 2004 was 483 $/tonne. Compute the absolute percentage error for each prediction. a) $/tonne (Round to two decimal places as needed.) C 1999 401.88 2000 634.78 2001 478.93 2002 443.44 2003 526.58
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