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2000 388.44 a)Stonne (Round to two decimal places as needed.) 2001 615.79 2002 565.33 The price of bananas fluctuates on the world market. The prices ($/tonne) for the years 2000-2004 are shown in the table. a) Find a 3-year moving average prediction for the price in 2005. b) Find a prediction for 2005 with an exponential smoothing model with a=0.3, beginning with the initial value. c) The actual price of bananas in 2005 was 540 $/tonne. Compute the absolute percentage error for each prediction. 2003 302.05 2004 561.221

2000 388.44 a)Stonne (Round to two decimal places as needed.) 2001 615.79 2002 565.33 The price of bananas fluctuates on the world market. The prices ($/tonne) for the years 2000-2004 are shown in the table. a) Find a 3-year moving average prediction for the price in 2005. b) Find a prediction for 2005 with an exponential smoothing model with a=0.3, beginning with the initial value. c) The actual price of bananas in 2005 was 540 $/tonne. Compute the absolute percentage error for each prediction. 2003 302.05 2004 561.221

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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The price of bananas fluctuates on the world market. The prices ($/tonne) for the years 2000-2004 are shown in the table. 2000 388.44 a) Sitonne (Round to two decimal places as needed.) 2001 615.79 2002 565.33 a) Find a 3-year moving average prediction for the price in 2005. b) Find a prediction for 2005 with an exponential smoothing model with a=0.3, beginning with the initial value. c) The actual price of bananas in 2005 was 540 $/tonne. Compute the absolute percentage error for each prediction.. 2003 302.05 2004 561.22
Transcribed Image Text:The price of bananas fluctuates on the world market. The prices ($/tonne) for the years 2000-2004 are shown in the table. 2000 388.44 a) Sitonne (Round to two decimal places as needed.) 2001 615.79 2002 565.33 a) Find a 3-year moving average prediction for the price in 2005. b) Find a prediction for 2005 with an exponential smoothing model with a=0.3, beginning with the initial value. c) The actual price of bananas in 2005 was 540 $/tonne. Compute the absolute percentage error for each prediction.. 2003 302.05 2004 561.22
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