Question: (b) Perform simple exponential smoothing (using Excel's Data Analysis or other software such as Minitab) using a = .05, 10, 20, and 50. The

(b) Perform simple exponential smoothing (using Excel's Data Analysis or other software such as Minitab) using a = .05, 10, 20, and 50. The degree of smoothing (Click to select) dramatically as a is increased. (c) Which value of a do you prefer? (Round your answers to 2 decimal places.) a = Daily Spot Exchange Rate, U.S. Dollars per Pound Sterling Date Rate Date Rate Date Rate 13-Apr- 04 23-Apr- 04 1-Apr-04 1.8764 1.8260 1.7674 14-Apr- 26-Apr- 2-Apr-04 1.8693 1.7802 1.7857 04 04 15-Apr- 27-Apr- 5-Apr-04 1.8140 1.7935 1.7925 04 04 16-Apr- 04 28-Apr- 04 6-Apr-04 1.8674 1.8108 1.7720 19-Apr- 04 29-Apr- 04 7-Apr-04 1.8410 1.8155 1.7851 20-Apr- 04 30-Apr- 8-Apr-04 1.8525 1.7916 1.7844 04 21-Apr- 9-Apr-04 1.8422 1.7780 3-May-04 1.7720 04 12-Apr- 22-Apr- 1.8558 1.7688 4-May-e4 1.7607 04 04 13-May- 21-May- 5-May-04 1.7832 1.7589 1.7880 84 04 14-May- 24-May- 6-May-04 1.7741 1.7588 1.7908 04 04 25-May- 7-May-04 1.7942 17-May- 04 1.7569 1.8335 04 10-ay- 18-ay- 26-May - 1.7923 1.7757 1.8342 04 04 04 11-May- 19-ay- 27-May- 1.7744 1.7839 1.8769 04 04 04 12-May- 20-ay- 28-May- 1.7843 1.7710 1.8530 04 04 04

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