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 minimize MAD for this dataset. α=0.2, β=0.8; α=0.4, β=0.3; α=0.9, β=0.7 Which pair of values for α and β minimize MAD for this dataset? α=enter your response here and β=enter your response here (Type integers or decimals. Do not round.) Year Coal Production (thousands of tons) 1 434,325 2 420,421 3 439,039 4 477,196 5 504,186 6 526,958 7 546,817 8 564,876 9 556,711 10 570,977
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 minimize MAD for this dataset. α=0.2, β=0.8; α=0.4, β=0.3; α=0.9, β=0.7 Which pair of values for α and β minimize MAD for this dataset? α=enter your response here and β=enter your response here (Type integers or decimals. Do not round.) Year Coal Production (thousands of tons) 1 434,325 2 420,421 3 439,039 4 477,196 5 504,186 6 526,958 7 546,817 8 564,876 9 556,711 10 570,977
Practical Management Science
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ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
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5, 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 minimize MAD for this dataset.
α=0.2, β=0.8; α=0.4, β=0.3; α=0.9, β=0.7
Which pair of values for α and β minimize MAD for this dataset?
α=enter your response here and β=enter your response here
(Type integers or decimals. Do not round.)
|
Year
|
Coal Production
(thousands of tons)
|
|
|---|---|---|
|
1
|
434,325
|
|
|
2
|
420,421
|
|
|
3
|
439,039
|
|
|
4
|
477,196
|
|
|
5
|
504,186
|
|
|
6
|
526,958
|
|
|
7
|
546,817
|
|
|
8
|
564,876
|
|
|
9
|
556,711
|
|
|
10
|
570,977
|
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