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=0.3, and the exponentially smoothed value for 2010 is E 2010 (0.3)(12.4) + (0.7)(9.6). 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 $11.2 million? a. E2010$ million (Type an integer or a decimal. Do not round.) b. E2011 = $ million (Type an integer or a decimal. Do not round.)
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=0.3, and the exponentially smoothed value for 2010 is E 2010 (0.3)(12.4) + (0.7)(9.6). 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 $11.2 million? a. E2010$ million (Type an integer or a decimal. Do not round.) b. E2011 = $ million (Type an integer or a decimal. Do not round.)
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 15 images
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill