Question
The accompanying data table show the percentage of tax returns filed electronically in a city from 2000 to 2009. Complete parts a through e below.
The accompanying data table show the percentage of tax returns filed electronically in a city from 2000 to 2009. Complete parts a through e below.
Year Percentage 2000 28 2001 31 2002 35 2003 43 2004 45 2005 51 2006 55 2007 58 2008 61 2009 66
a) Forecast the percentage of tax returns that will be electronically filed for 2010 using exponential smoothing with alpha= 0.2.
b) Calculate the MAD for the forecast in part a.
c) Forecast the percentage of tax returns that will be electronically filed for 2010 using exponential smoothing with trend adjustment. Set alpha= 0.3 and beta= 0.4.
d) Calculate the MAD for the forecast in part c.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started