Question: Exponential smoothing with trend, with a smoothing constant of = 0.2 and a trend smoothing constant of = 0.3, is being used to

Exponential smoothing with trend, with a smoothing constant of α = 0.2 and a trend smoothing constant of β = 0.3, is being used to forecast values in a time series. At this point, the last two values have been 535 and then 550. The last two forecasts have been 530 and then 540. The last estimate of the trend factor has been 10. Use this information to forecast the next value in the time series. (Use hand calculations rather than an Excel template.)

Step by Step Solution

3.33 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Ft1 ax 1 a F Bax x... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

545-M-S-F (412).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!