Forecasts will be made using the most recent values known. There will be no forecast for the first month. The forecast value for month 2 will be the observed value from month 1, so the forecast value for month 2 is . The forecast value for month 3 will be the observed value from month 2, so the forecast value for month 3 is . This pattern will continue for the rest of the months. Complete the column for the forecast value in the table below. Month Value Forecast Value 1 22 2 30 3 26 4 31 5 27 6 26 7 31 Find the forecast for month 8 using this pattern.
Forecasts will be made using the most recent values known. There will be no forecast for the first month. The forecast value for month 2 will be the observed value from month 1, so the forecast value for month 2 is . The forecast value for month 3 will be the observed value from month 2, so the forecast value for month 3 is . This pattern will continue for the rest of the months. Complete the column for the forecast value in the table below. Month Value Forecast Value 1 22 2 30 3 26 4 31 5 27 6 26 7 31 Find the forecast for month 8 using this pattern.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Forecasts will be made using the most recent values known. There will be no forecast for the first month. The forecast value for month 2 will be the observed value from month 1, so the forecast value for month 2 is . The forecast value for month 3 will be the observed value from month 2, so the forecast value for month 3 is . This pattern will continue for the rest of the months.
Complete the column for the forecast value in the table below.
| Month | Value | Forecast Value |
|---|---|---|
| 1 | 22 | |
| 2 | 30 | |
| 3 | 26 | |
| 4 | 31 | |
| 5 | 27 | |
| 6 | 26 | |
| 7 | 31 |
Find the forecast for month 8 using this pattern.
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