The data in the table below are the amounts of crude oil (millions of barrels) imported into
Question:
The data in the table below are the amounts of crude oil (millions of barrels) imported into the United States from the Organization of Petroleum Exporting Countries (OPEC) for the years 1995-2015.
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a. Construct two exponentially smoothed series for this time series, using w = .1 and w = .9.
b. Plot the original series and the two smoothed series on the same graph. Which smoothed series looks more like the original series? Why?
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a The exponentially smoothed imports for the first period is equal to the imports that period For th...View the full answer
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Related Book For 
Statistics For Business And Economics
ISBN: 9780134506593
13th Edition
Authors: James T. McClave, P. George Benson, Terry Sincich
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