Refer to the annual U.S. craft beer production time series, Exercise 14.7. a. Calculate the exponentially smoothed

Question:

Refer to the annual U.S. craft beer production time series, Exercise 14.7.

a. Calculate the exponentially smoothed series for U.S. beer production for the period 2004-2015 using w = .2.

b. Calculate the exponentially smoothed series using w = .8.

Exponentially Smoothed Series (w = .5) Month Jan Feb Mar 280 281 250 3 265.3 Apr May Jun 4 246 239 218 218 210 255.6 Jul

c. Plot the two exponentially smoothed series (w = .2 and w = .8) on the same graph. Which smoothed series best portrays the long-term trend?

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Statistics For Business And Economics

ISBN: 9780134506593

13th Edition

Authors: James T. McClave, P. George Benson, Terry Sincich

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Question Posted: Nov 22, 2017 07:48 AM

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Refer to the annual U.S. craft beer production time series, Exercise 14.7. a. Calculate the exponentially smoothed

Question:

Exponentially Smoothed Series (w = .5) Month Jan Feb Mar 280 281 250 3 265.3 Apr May Jun 4 246 239 218 218 210 255.6 Jul Aug Sep Oct 205 206 200 200 10 11 12 Nov Dec

Step by Step Answer:

a The exponentially smoothed craft beer production for the first period is equal to the craft beer p...View the full answer

Statistics For Business And Economics

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