Question: Following are time series data for nine time periods Use exponential
Following are time-series data for nine time periods. Use exponential smoothing with constants of .3 and .7 to forecast time periods 3 through 9.Let the value for time period 1 is the forecast for time period 2.Compute additional forecasts for time periods 4 through 9 using a 3-month moving average. Compute the errors for the forecasts and discuss the size of errors under eachmethod.
Answer to relevant QuestionsThe U.S. Census Bureau publishes data on factory orders for all manufacturing, durable goods, and nondurable goods industries. Shown here are factory orders in the United States over a 13-year period ($ billion). a. Use ...The U.S. Department of Agriculture publishes statistics on the production of various types of food commodities by month. Shown here are the production figures on broccoli for January of a recent year through December of the ...The U.S. Department of Agriculture publishes data on the production, utilization, and value of fruits in the United States. Shown here are the amounts of non-citrus fruit processed into juice (in kilotons) for a 25-year ...Compute index numbers for the following data using 1997 as the baseyear.Shown here are the consumer price indexes (CPIs) for housing for the years 1990 through 2011 from the Bureau of Labor Statistics Data Web site. Use the data to answer the following questions. a. Compute the 4-year moving ...
Post your question