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.)C1999401.882000634.782001478.932002443.442003526.58

The banana price for the corresponding year is given as follows:YearPrice (in…

Answered: The price of bananas fluctuates on the…

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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