STATISTICAL TECHNIQUES IN BUS.+ECON.
STATISTICAL TECHNIQUES IN BUS.+ECON.
18th Edition
ISBN: 9781260239478
Author: Lind
Publisher: RENT MCG
Question
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Chapter 18, Problem 29CE

a.

To determine

To draw: The graph of the given time series data.

b.

To determine

To calculate: All possible forecasts using a smoothing coefficient α of 0.4 .

c.

To determine

To calculate: All possible forecasts using a smoothing coefficient α of 0.9 .

d.

To determine

To calculate: The MAD for forecasts using a smoothing coefficient α of 0.4 and a smoothing coefficient α of 0.9 .

e.

To determine

To calculate: The forecast model to be chosen.

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