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 alphaα and betaβ minimize MAD for this dataset. alphaαequals=0.10.1, betaβequals=0.80.8; alphaαequals=0.40.4, betaβequals=0.30.3; alphaαequals=11, betaβequals=0.60.6 Question content area bottom Part 1 First find the MAD for each pair of values, alphaα and betaβ. (Type integers or decimals rounded to two decimal places as needed.) alphaα betaβ MAD 0.10.1 0.80.8 enter your response here 0.40.4 0.30.3 enter your response here 11 0.60.6 enter your response here Part 2 Which pair of values for alphaα and betaβ minimize MAD for this dataset? alphaαequals=enter your response here and betaβequals=enter your response here (Type integers or decimals. Do not round.)
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 alphaα and betaβ minimize MAD for this dataset. alphaαequals=0.10.1, betaβequals=0.80.8; alphaαequals=0.40.4, betaβequals=0.30.3; alphaαequals=11, betaβequals=0.60.6 Question content area bottom Part 1 First find the MAD for each pair of values, alphaα and betaβ. (Type integers or decimals rounded to two decimal places as needed.) alphaα betaβ MAD 0.10.1 0.80.8 enter your response here 0.40.4 0.30.3 enter your response here 11 0.60.6 enter your response here Part 2 Which pair of values for alphaα and betaβ minimize MAD for this dataset? alphaαequals=enter your response here and betaβequals=enter your response here (Type integers or decimals. Do not round.)
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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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
alphaα
and
betaβ
minimize MAD for this dataset.alphaαequals=0.10.1,
betaβequals=0.80.8;
alphaαequals=0.40.4,
betaβequals=0.30.3;
alphaαequals=11,
betaβequals=0.60.6
Question content area bottom
Part 1
First find the MAD for each pair of values,
alphaα
and
betaβ.
(Type integers or decimals rounded to two decimal places as needed.)
|
alphaα
|
betaβ
|
MAD
|
|---|---|---|
|
0.10.1
|
0.80.8
|
enter your response here
|
|
0.40.4
|
0.30.3
|
enter your response here
|
|
11
|
0.60.6
|
enter your response here
|
Part 2
Which pair of values for
alphaα
and
betaβ
minimize MAD for this dataset?alphaαequals=enter your response here
and
betaβequals=enter your response here
(Type integers or decimals. Do not round.)
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