DIRECTION: Compute for period 8 using Simple exponential smoothing if a = 0.20 Use quantitative forecast methods for the data shown below: Period Observatio 1| 2 3 4 60 5 45 60 70 55 60 65

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 1TI: Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use...
icon
Related questions
Question
DIRECTION: Compute for period 8 using Simple exponential smoothing if a = 0.20
Use quantitative forecast methods for the data shown below:
1 | 2
Period
Observatio
3
4
5
60
70
55
60
45
60
65
Transcribed Image Text:DIRECTION: Compute for period 8 using Simple exponential smoothing if a = 0.20 Use quantitative forecast methods for the data shown below: 1 | 2 Period Observatio 3 4 5 60 70 55 60 45 60 65
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill