16.12 The data file Gold Price shows the year-end price of gold (in dollars) over 14 consecutive...

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16.12 The data file Gold Price shows the year-end price of gold (in dollars) over 14 consecutive years. Use the method of simple exponential smoothing, with a smoothing constant of a = 0.7, to obtain forecasts of the price of gold in the next 5 years.

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