The total number of thousands of tons of coal produced per year over a 10-year period for a certain region is provided in the accompanying dataset. Use double exponential smoothing to determine which pairs of values for α and β minimize MAD for this dataset. α=0.2, β=0.8; α=0.4, β=0.2; α=1, β=0.6 First find the MAD for each pair of values, αand β. (Type integers or decimals rounded to two decimal places as needed.) α β MAD 0.2 0.8 enter your response here 0.4 0.2 enter your response here 1 0.6 enter your response here Year Coal Production (thousands of tons) 1 434,327 2 420,424 3 439,047 4 477,190 5 504,186 6 526,951 7 546,821 8 564,887 9 556,706 10 570,980
The total number of thousands of tons of coal produced per year over a 10-year period for a certain region is provided in the accompanying dataset. Use double exponential smoothing to determine which pairs of values for α and β minimize MAD for this dataset. α=0.2, β=0.8; α=0.4, β=0.2; α=1, β=0.6 First find the MAD for each pair of values, αand β. (Type integers or decimals rounded to two decimal places as needed.) α β MAD 0.2 0.8 enter your response here 0.4 0.2 enter your response here 1 0.6 enter your response here Year Coal Production (thousands of tons) 1 434,327 2 420,424 3 439,047 4 477,190 5 504,186 6 526,951 7 546,821 8 564,887 9 556,706 10 570,980
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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The total number of thousands of tons of coal produced per year over a 10-year period for a certain region is provided in the accompanying dataset. Use double exponential smoothing to determine which pairs of values for α and β minimize MAD for this dataset.
α=0.2, β=0.8; α=0.4, β=0.2; α=1, β=0.6
First find the MAD for each pair of values, αand β.
(Type integers or decimals rounded to two decimal places as needed.)
|
α
|
β
|
MAD
|
|---|---|---|
|
0.2
|
0.8
|
enter your response here
|
|
0.4
|
0.2
|
enter your response here
|
|
1
|
0.6
|
enter your response here
|
|
Year
|
Coal Production
(thousands of tons)
|
|
|---|---|---|
|
1
|
434,327
|
|
|
2
|
420,424
|
|
|
3
|
439,047
|
|
|
4
|
477,190
|
|
|
5
|
504,186
|
|
|
6
|
526,951
|
|
|
7
|
546,821
|
|
|
8
|
564,887
|
|
|
9
|
556,706
|
|
|
10
|
570,980
|
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