Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For the following list of data (number of sold cars in every year), apply exponential smoothing foresting with trend for the first 4 years only.

For the following list of data (number of sold cars in every year), apply "exponential smoothing foresting with trend" for the first 4 years only. (i.e find the Forecast including trend) : use: a= 0.1 and B = 0.06 Calculate MAD. Assume the trend is zero and the forecasted value equal real value for the 2012 year. 2012 150 173 166 167 180 185 190 210 199 Equations you may need: 2013 2014 2015 2016 2017 2018 Year 2019 2020 Number of sold cars 4
image text in transcribed
For the following list of data (number of sold cars in every year), apply "exponential smoothing foresting with trend" for the first 4 years only. (i.e find the Forecast including trend) : use : a=0.1 and =0.06 Calculate MAD. Assume the trend is zero and the forecasted value equal real value for the 2012 year. Equations you may need

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Concepts For A Changing Environment With IDEA Software

Authors: Larry E. Rittenberg, Bradley J. Schwieger

4th Edition

0387321500, 978-0324180237

More Books

Students also viewed these Accounting questions