The following data show the number of issues from initial public offerings (IPOs) for a 13-year period released by the Securities Data Company. Use these data to develop forecasts for the years 3 through 13 using exponential smoothing techniques with alpha values of .2 and .9.Let the forecast for year 2 be the value for year 1.
Compare the results by examining the errors of the forecasts. 9 The following data show the number of issues from initial public offerings (IPOs) for a 13-year period released by the Securities Data Company. Use these data to develop forecasts for the years 3 through 13 using exponential smoothing techniques with alpha values of .2 and .9. Let the forecast for year 2 be the value for year 1. Compare the results by examining the errors of the forecasts.
Year ... Number of Issues
1 .... 332
2 .... 694
3 .... 518
4 .... 222
5 .... 209
6 .... 172
7 .... 366
8 .... 512
9 .... 667
10 .... 571
11 .... 575
12 .... 865
13 .... 609