Browns updating equations, developed from discounted least squares, for the case of a trend model are actually
Question:
Brown’s updating equations, developed from discounted least squares, for the case of a trend model are actually given by aˆt = xt + (1 − α)
2(aˆt−1 + ˆ
bt−1 − xt)
and ˆ
bt = ˆ
bt−1 − α2(aˆt−1 + ˆ
bt−1 − xt)
Show that these two equations are equivalent to Equations 3.32 and 3.33.
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Related Book For
Inventory And Production Management In Supply Chains
ISBN: 9781032179322
4th Edition
Authors: Edward A Silver, David F Pyke, Douglas J Thomas
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