Suppose that in the simple exponential smoothing method, the smoothing constant a is set equal to 1.

Question:

Suppose that in the simple exponential smoothing method, the smoothing constant a is set equal to 1. What forecasts will result?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Statistics For Business And Economics

ISBN: 9781292315034

9th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

See More Books

Question Posted: Nov 18, 2022 08:46 AM

See More Questions

What are the advantages of the simple exponential smoothing method of forecasting over the moving average technique?
Suppose that in the study by Latan and Dabbs (1975), referred to in Section 19.6, only 100 males and 100 females were involved. Compute x2.
Suppose that in the market for U.S. meat packers, two things happen simultaneously: (1) Due to growth in less-developed countries, the demand for U.S. meat exports rises; and (2) Due to other job...
A 1.0 m long metallic rod is rotated with an angular frequency of 400 rad s about an axis normal to the rod passing through its one end. The other end of the rod is in contact with a circular...
Use the method of maximum likelihood to rework Exercise 10.58. In exercise Given a random sample of size n from a continuous uniform population, use the method of moments to find formulas for...
Determine the sample size needed for each of the following situations. a. N = 5,000; p = 0.5; 1.96 p = 0.10 b. N = 5,000; p = 0.5; 1.96 p = 0.05
Harold Fail owned a plot of land in Georgia known as Ebenezer Landing, where he operated a public boat ramp and parking lot. In 1999, Fail and Steve Bodiford entered into an oral agreement...
Financial information for Gallup Inc. is presented below. Instructions Prepare a schedule showing a horizontal analysis for 2014 using 2013 as the baseyear. Current assets Plant assets (net) Current...
A wheel initially at rest begins rotating because of a constant angular acceleration. During a certain interval AT = 13s, the wheel goes through 84 rev and reaches an angular speed of 11 rev/s. (a)...
The graph titled Soy Bean Market is a graph of the market for soy beans, a perfectly (purely) competitive market. The graph titled Roy's Soys depicts an individual firm in the market for soy beans....
In many business applications, forecasts for future values of time series, such as sales and earnings, are made exclusively on the basis of past information on the time series in question. What...
Bong Soon owns a tire shop and wants to compare the longevity of four different brands of tires that he sells in his shop. He collected 20 observations and measured the mileage (in miles) covered by...
How can one tell whether two firms are engaging in an alliance to facilitate collusion or are engaging in an alliance for other purposes?
The company that I have chosen for this week is Starbucks: Locate the financial statements for Starbucks that provides segmented financial information. Provide an overview of what is revealed about...
In August 2005, Paula Preparer was retained as accountant and tax return preparer for a new corporate client. In reviewing the prior returns of the client, Paula noticed that substantial deductions...
Compute capital gain in hands of Mrs. Parminder for the A.Y. 2021-22. Mrs. Parminder has jewellery, being gifted on 1/04/2005 by her brother Jitendar. Jitendar acquired such asset for Rs 60,000 as on...
The radius r of a circle is increasing at a rate of 6 centimeters per minute. Find the rate of change of the area when r = 30 centimeters. cm/min
4: Each question contains statements followed by two conclusions, A and B. Mark option 1, if only conclusion A follows. Mark option 2, if only conclusion B follows. Mark option 3, if both conclusions...
What roles do resources, organizational communications, and training play in the successful implementation of a marketing plan?
C- Consider the following scenario:- A supermarket needs to develop the following software to encourage regular customers. For this, the customer needs to supply his/her residence address, telephone...
A psychologist determined that the number of sessions required to obtain the trust of a new patient is either 1, 2, or 3. Let x be a random variable indicating the number of sessions required to gain...
The demand for a product of Carolina Industries varies greatly from month to month. The probability distribution in the following table, based on the past two years of data, shows the companys...
A university found that 20% of its students withdraw without completing the introductory statistics course. Assume that 20 students registered for the course. a. Compute the probability that 2 or...
Tim and Tina were married in 1998. In 2010, Tina took a job in California, while Tim stayed in Maine. Tim has never had any desire to move to California, and Tina refuses to move back to Maine....
Jack, who never married, died in 2019 with a gross estate of $10,400,000 million. Jack made one taxable gift in his lifetime of $2,000,000 to his brother the year before he died. How much federal...
Comparative statement of financial position accounts of Wildhorse Inc., which follows IFRS, follow: WILDHORSE INC. Comparative Statement of Financial Position Accounts December 31, 2017, and 2016...

Suppose that in the simple exponential smoothing method, the smoothing constant a is set equal to 1.

Question:

Step by Step Answer:

The forecast for the next period when the smoothing constant is set to 1 will be the same as the mos...View the full answer

Statistics For Business And Economics

Students also viewed these Statistics questions