The U.S. trade deficit with Canada (billions of dollars) from 2000 through 2007 is reported as shown in the table. Using exponential smoothing and the smoothing constant α = 0.7, what deficit would have been forecast for 2008?
Answer to relevant QuestionsFor the data of Exercise 18.7, use the weighting constant α = 0.5 and exponential smoothing to determine the forecast for 2008. In exercise The following data are the wellhead prices for domestically produced natural gas, in dollars per thousand cubic feet, from 2001 through 2008. Given these data and the trend equations shown here, use the MAD criterion to ...A regression model has 3 independent variables and 20 observations, and the calculated Durbin-Watson d statistic is 0.91. What, if any, conclusion will be reached in testing for autocorrelation of the residuals with a: a. ...The Consumer Price Index and average annual wages in selected industries were as shown in the table. From 1990 to 2007, the average wages went up for workers in all three industries. However, which wage-earning groups fared ...Given the time series in Exercise 18.61, and using exponential smoothing with α = 0.8, what would have been the forecast for 2003? In exercise
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