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You are using exponential smoothing on an annual time series concerning total revenues (in millions of dollars). You decide to use a smoothing coefficient of W=0.4, and the exponentially smoothed value for 2010 is E2010 (0.4)(12.4) + (0.6)(9.9). a. What is the smoothed value of this series in 2010? b. What is the smoothed value of this series in 2011 if the value of the series in that year is $11.5 million? a. E2010 $ million (Type an integer or a decimal. Do not round.) GIB

You are using exponential smoothing on an annual time series concerning total revenues (in millions of dollars). You decide to use a smoothing coefficient of W=0.4, and the exponentially smoothed value for 2010 is E2010 (0.4)(12.4) + (0.6)(9.9). a. What is the smoothed value of this series in 2010? b. What is the smoothed value of this series in 2011 if the value of the series in that year is $11.5 million? a. E2010 $ million (Type an integer or a decimal. Do not round.) GIB

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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You are using exponential smoothing on an annual time series concerning total revenues (in millions of dollars). You decide to use a smoothing coefficient of W=0.4, and the exponentially smoothed value for 2010 is E2010 = (0.4)(12.4)+ (0.6)(9.9). a. What is the smoothed value of this series in 2010? b. What is the smoothed value of this series in 2011 if the value of the series in that year is $11.5 million? a. E2010 = million (Type an integer or a decimal. Do not round.) = $
Transcribed Image Text:You are using exponential smoothing on an annual time series concerning total revenues (in millions of dollars). You decide to use a smoothing coefficient of W=0.4, and the exponentially smoothed value for 2010 is E2010 = (0.4)(12.4)+ (0.6)(9.9). a. What is the smoothed value of this series in 2010? b. What is the smoothed value of this series in 2011 if the value of the series in that year is $11.5 million? a. E2010 = million (Type an integer or a decimal. Do not round.) = $
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