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For a certain time series, three models are fit using y_(1),dots,y_(10) For the globally constant mean model, hat(beta )_(0)=7.2 For the locally constant
For a certain time series, three models are fit using
y_(1),dots,y_(10)
\ For the globally constant mean model,
hat(\\\\beta )_(0)=7.2
\ For the locally constant mean model,
hat(\\\\beta )_(0)=7.2
\ For the discounted least squares model,
hat(\\\\beta )_(0)=7.2
, and
w=0.2
\ Each model is used to forecast the value of the time series at time 14.\ Compute the absolute difference between the maximum forecast value and\ the minimum forecast value.
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