Essentials Of Business Analytics
1st Edition
ISBN: 9781285187273
Author: Camm, Jeff.
Publisher: Cengage Learning,
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Chapter 5, Problem 9P
(a)
To determine
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(b)
To determine
Explain how exponential smoothing weights past data values in arriving at new forecasts.
Compare the weighting pattern with the moving averages method.
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1 for all k, and set o
(ii) Let X1, X2,
that P(Xkb) =
x > 0.
Xn be independent random variables with mean 0, suppose
=
and
Var Xk. Then, for
0x) ≤2 exp-tx+121
Στ
k=1
Lemma 1.1 Suppose that g is a non-negative, non-decreasing function such that
E g(X) 0. Then,
E g(|X|)
P(|X|> x) ≤
g(x)
Proof of this Theorem
Theorem 1.2 (i) Suppose that P(|X| ≤ b) = 1 for some b > 0, that E X = 0, and
set Var X = o². Then, for 0 0,
P(X > x) ≤ e−1x+1²²,
P(|X|> x) ≤ 2e−x+1² 0²
Chapter 5 Solutions
Essentials Of Business Analytics
Ch. 5 - Consider the following time series data:
Using...Ch. 5 - Refer to the time series data in Problem 1. Using...Ch. 5 - Problems 1 and 2 used different forecasting...Ch. 5 - Consider the following time series data:
Compute...Ch. 5 - Consider the following time series...Ch. 5 - Consider the following time series...Ch. 5 - Prob. 8PCh. 5 - Prob. 9PCh. 5 - Prob. 10PCh. 5 - For the Hawkins Company, the monthly percentages...
Ch. 5 - Corporate triple A bond interest rates for 12...Ch. 5 - The values of Alabama building contracts (in...Ch. 5 - The following time series shows the sales of a...Ch. 5 - Prob. 15PCh. 5 - The following table reports the percentage of...Ch. 5 - Consider the following time series: a. Construct a...Ch. 5 - Consider the following time series:
Construct a...Ch. 5 - The Seneca Children’s Fund (SCF) is a local...Ch. 5 - The president of a small manufacturing firm is...Ch. 5 - Consider the following time series: a. Construct a...Ch. 5 - Consider the following time series...Ch. 5 - The quarterly sales data (number of copies sold)...Ch. 5 - Prob. 25PCh. 5 - South Shore Construction builds permanent docks...Ch. 5 - Hogs & Dawgs is an ice cream parlor on the border...Ch. 5 - Donna Nickles manages a gasoline station on the...Ch. 5 - The Vintage Restaurant, on Captiva Island near...
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