Women’s weekly earnings 2013. The following graph shows the quarterly median weekly earnings for U.S.

women 25 years of age or older (U.S. Bureau of Labor Statistics; www.bls.gov). Data are provided from the first quarter of 2003 through the first quarter of 2013.

Why does the exponential smoother with the higher coefficient fit the series better? What about this series is important for this result? What does this suggest about using exponential smoothers on such time series?