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The total number of thousands of tons of coal produced per year over a10-year period for a certain region is provided in the accompanying dataset.
The total number of thousands of tons of coal produced per year over a10-year period for a certain region is provided in the accompanying dataset. Use double exponential smoothing to determine which pairs of values for alpha
and beta
minimize MAD for this dataset.
alpha
=0.2
betta =0.8
a =0.5
beta =0.2
alpha = 1
=0.7
Year / Coal Production (thousands of tons)
1 434327
2 420425
3 439042
4 477199
5 504185
6 526951
7 546823
8 564878
9 556701
10 570978
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