Following are time-series data for nine time periods. Use exponential smoothing with constants of .3 and .7
Question:
Compute the errors for the forecasts and discuss the size of errors under eachmethod.
Transcribed Image Text:
0351 1-1099 1.0 0.3 P-6789 u-42908 198799 P-12345
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
Period Value a 3 Error a 7 Error 3moavg Error ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
Question Posted:
Students also viewed these Statistics questions
-
The following table contains time series data for regular gasoline prices in the United States for 36 consecutive months: a. Create a line chart for these time series data. What interpretations can...
-
The file S12_56.xlsx contains monthly time series data for total U.S. retail sales of building materials (which includes retail sales of building materials, hardware and garden supply stores, and...
-
The file S12_56.xlsx contains monthly time series data for total U.S. retail sales of building materials (which includes retail sales of building materials, hardware and garden supply stores, and...
-
Suppose that a surgical ward has gathered the following information for four nursing activities and two types of patients for the current period: Required: 1. Determine the total nursing costs...
-
If f is quasi concave and g is increasing, then g f is quasi concave.
-
Question Help The loan below was paid in full before ito due date. (a) Obtain the value of h from the annual percentage rate table. Then (b) use the actuarial method to find the amount of uneamed...
-
The partially completed ANOVA for a 3 * 2 factorial experiment with two replications is shown below. Source SS df MS F A 48 39 B 65 AB 34 17 Error Total 347 25 a. Complete the ANOVA table....
-
Determine the error for each of the following forecasts. Compute MAD andMSE. Period Vale Forecast Error 202 191 173 169 202 192 181 174 172 174 179 189 198 211 4 175 182 196 204 219 227 10
-
Lamberson Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine hours. The company based its predetermined overhead rate for the current...
-
A typical structure within colleges is instructor, assistant professor, associate professor, full professor. Is this egalitarian or hierarchical? What added information would you need to decide? What...
-
Following are time-series data for eight different periods. Use exponential smoothing to forecast the values for periods 3 through 8. Use the value for the first period as the forecast for the second...
-
The U.S. Census Bureau publishes data on factory orders for all manufacturing, durable goods, and nondurable goods industries. Shown here are factory orders in the United States over a 13-year period...
-
A particle of ionizing radiation creates 4000 ion pairs in the gas inside a Geiger tube as it passes through. What minimum energy was deposited, if 30.0 eV is required to create each ion pair?
-
What work trait differences are similar in chart 1 and chart 2? Provide a comment for each of the 4 generations from each chart. Which work trait differences vary from those identified in chart 1 and...
-
Given the ALU design illustrated below, without changing the circuit design, please use the ALU to perform a logic NAND operation. Find out what the control signals should be (i.e. the values of...
-
Problem #5: Using the method of joints, determine the force in each member. State whether each member is in compression or tension. If the largest force each member can support is 4kN tension and 3kN...
-
Your cultural/social background and that of your family. What language, policies/structures and customs are relevant to your own culture? How do you think your own background impacts on people from...
-
In this second Case Assignment, the assignment is going to test your understanding of how successful teams operate efficiently through teamwork. Teamwork relies upon individuals to work together to...
-
On January 2. 20X8, B.N. Counter Corporation purchased 75 percent of the outstanding common stock of Ticken Tie Company. In exchange for Ticken Tie's stock. B.N. Counter issued bonds payable with a...
-
If you want to solve a minimization problem by applying the geometric method to the dual problem, how many variables and problem constraints must be in the original problem?
-
Foreign investors want to invest more in the United States. What happens to the demand for loanable funds?
-
Farming is an extremely demanding job whose success depends largely on the dedication of the farmers. In order to tackle the rigorous tasks of the trade, farmers must be in good physical and mental...
-
According to the Bureau of Labor Statistics, the average annual salary of a worker in Detroit, Michigan, is $45,140. Suppose the median annual salary for a worker in this group is $41,369 and the...
-
A list of the top 10 manufacturing companies in the United States according to Industry Week along with their total revenue in $ billions follows. Compute the median, Q 3 , P 20 , P 60 , P 80 , and P...
-
The Balance Sheet has accounts where the accountant must make estimates. Some situations in which estimates affect amounts reported in the balance sheet include: Allowance for doubtful accounts....
-
Alado fis istirmerfs Tat likifond 205L [ridont inip lanod whadtinion? hingend is antan Qultit foer avdeed Divdasit errem yodichiders Etexlpoges Getmare nelp
-
The limitation on the deduction of business interest does not apply to non-corporate taxpayers. course hero True or False explain?
Study smarter with the SolutionInn App