Using the data below, what is the simple exponential smoothing forecast for the 3rd week where a 0.37 Week Time Series Value 1 2 3 Submit 5.00 2.00 8.00 3.00 Answer format: Number: Round to: 1 decimal places.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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#12
Using the data below, what is the simple exponential smoothing forecast for the 3rd week where a 0.32
Time Series Value
Week
1
2
3
4
Submit
5.00
2.00
8.00
3.00
Answer format: Number: Round to: 1 decimal places,
Transcribed Image Text:#12 Using the data below, what is the simple exponential smoothing forecast for the 3rd week where a 0.32 Time Series Value Week 1 2 3 4 Submit 5.00 2.00 8.00 3.00 Answer format: Number: Round to: 1 decimal places,
# 11 O
Using the data below, calculate the bias based on using the naïve forecast method.
Week
1
2
3
Time Series Value
Show Hint
5.00
22.00
Submit
6.00
18.00
Answer format: Number: Round to: 1 decimal places.
Transcribed Image Text:# 11 O Using the data below, calculate the bias based on using the naïve forecast method. Week 1 2 3 Time Series Value Show Hint 5.00 22.00 Submit 6.00 18.00 Answer format: Number: Round to: 1 decimal places.
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