Question: For the models (1) ???????? 0.5????????1 = ???????? (2) ???????? = ???????? 0.5????????1 (3) (1 0.6????)???????? = ???????? write down the forecasts
For the models
(1) ????̃???? − 0.5????̃????−1 = ????????
(2) ∇???????? = ???????? − 0.5????????−1
(3) (1 − 0.6????)∇???????? = ????????
write down the forecasts for lead times ???? = 1 and ???? = 2:
(a) From the difference equation
(b) In integrated form (using the ???????? weights)
(c) As a weighted average of previous observations
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