Essentials of Business Analytics (MindTap Course List)
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN: 9781305627734
Author: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher: Cengage Learning
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Chapter 8, Problem 15P

(a)

To determine

Draw the time-series plot for the commodity futures index for 10-week period and identify the pattern.

(b)

To determine

Calculate an exponential smoothing coefficient α that results in smaller MSE using trial or error method.

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