Use the Seaport data set below, a = 0.2, and ẞ = 0.4 to calculate the adjusted exponential smoothing forecast for the number of ships that will visit the port in January 2021. Assume the forecast component for July to be the actual value of July minus the initial trend. Let the initial trend be 20 ships. Round your answer to two decimal places, if necessary. 2020 Month July Number of Ships 744 August 791 September 810 October 581 November 855 December 920
Use the Seaport data set below, a = 0.2, and ẞ = 0.4 to calculate the adjusted exponential smoothing forecast for the number of ships that will visit the port in January 2021. Assume the forecast component for July to be the actual value of July minus the initial trend. Let the initial trend be 20 ships. Round your answer to two decimal places, if necessary. 2020 Month July Number of Ships 744 August 791 September 810 October 581 November 855 December 920
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 33PT: Enter the data from Table 2 into a graphing calculator and graph the ranking scatter plot. Determine...
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