3. The following data show the number of issues from Initial Public Offerings (IPOS) from 1985 through 1997 released by the Securities Data Company. Use these data to forecast the number of issues for 1998 using exponential smoothing techniques with (a) » = .1, and (b) @ = .8. Use the value for 1985 as the forecast for 1986. Show the complete table of intermediate forecasts (1986 – 1997) which lead to your forecast for 1998 for both (a) and (b) %3D Year 1985 Number of Issues 323 1986 692 1987 518 1988 222 1989 205 1990 172 1991 366 1992 1993 512 667 1994 571 1995 575 1996 856 1997 609 Which o worked better? Why? (look at MSE)
3. The following data show the number of issues from Initial Public Offerings (IPOS) from 1985 through 1997 released by the Securities Data Company. Use these data to forecast the number of issues for 1998 using exponential smoothing techniques with (a) » = .1, and (b) @ = .8. Use the value for 1985 as the forecast for 1986. Show the complete table of intermediate forecasts (1986 – 1997) which lead to your forecast for 1998 for both (a) and (b) %3D Year 1985 Number of Issues 323 1986 692 1987 518 1988 222 1989 205 1990 172 1991 366 1992 1993 512 667 1994 571 1995 575 1996 856 1997 609 Which o worked better? Why? (look at MSE)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 25P: The file P13_25.xlsx contains the quarterly numbers of applications for home mortgage loans at a...
Related questions
Question
Can you please solve all parts of the question manually. Thank you!
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing