STAT TECH IN BUSINESS & ECON AC
STAT TECH IN BUSINESS & ECON AC
18th Edition
ISBN: 9781264731657
Author: Lind
Publisher: MCG
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Chapter 18, Problem 9E

a.

To determine

To draw: The graph of the provided time series data and draw the observations.

b.

To determine

To calculate: All possible forecasts using a smoothing coefficient α of 0.3 .

c.

To determine

To calculate: The MAD

d.

To determine

To calculate: The forecast demand for period 11 using a smoothing coefficient α of 0.3 .

e.

To determine

To calculate: The error associated with eleventh-period forecast.

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