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Help with JMP; see that it has yearly wine consumption data in millions of liters.Perform (1) naive forecasting; (2) simple average forecasting; (3) moving average
Help with JMP; see that it has yearly wine consumption data in millions of liters.Perform (1) naive forecasting; (2) simple average forecasting; (3) moving average forecasting of order 3; and (4) exponential smoothing forecasting using alpha = 0.9 and the forecast value for Year 2001 = 1.810.
twinev8.jmp ? Window Tools winev8.jmp Year Wine 2000 1.81 2 2001 1.751 3 2002 2.055 4 2003 1.974 Columns (2/0) 5 2004 2.13 6 2005 2.31 Year 7 2006 2.272 Wine 8 2007 2.337 9 2008 2.421 10 2009 3.101 11 2010 3.054 12 2011 2.566 Rows All rows Selected Excluded OOOON Hidden LabeledStep by Step Solution
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