Figure 15.14 gives the Minitab output of using simple exponential smoothing to forecast yearly U.S. lumber production.
Question:
Figure 15.14 gives the Minitab output of using simple exponential smoothing to forecast yearly U.S. lumber production. Here Minitab has estimated the smoothing constant alpha to be .0361553. Use the Minitab output to find and report the point prediction of and the 95 percent prediction interval for the total U.S. lumber production in a future year.
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Related Book For 
Business Statistics In Practice Using Data Modeling And Analytics
ISBN: 9781259549465
8th Edition
Authors: Bruce L Bowerman, Richard T O'Connell, Emilly S. Murphree
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