Question
Consider the monthly time series shown in the table. Month t Y January 1 185 February 2 192 March 3 189 April 4 201 May
Consider the monthly time series shown in the table.
Month
t
Y
January
1
185
February
2
192
March
3
189
April
4
201
May
5
195
June
6
199
July
7
206
August
8
203
September
9
208
October
10
209
November
11
218
December
12
216
a.Use the values of Y in the table to forecast the values of Y for the next two months, using simple exponential smoothing with w=0.7.
b.Use the Holt model with w=0.7and v=0.7 to forecast the values of Y for the next two months.
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Calculus Early Transcendentals, Multivariable
Authors: Michael Sullivan, Kathleen Miranda
2nd Edition
131924288X, 9781319242886
