Question: Help Question 9 6 pts The data represents the coffee exports (in thousands of 60 kg bags) by Costa Rica from 2004 to 2016: Year

Help

Help Question 9 6 pts The data represents the coffee exports (in

Question 9 6 pts The data represents the coffee exports (in thousands of 60 kg bags) by Costa Rica from 2004 to 2016: Year Exports (thousands 60 kg bag ) 2004 10194 2005 10871 2006 10944 2007 11300 2008 11085 2009 7893 2010 7821 2011 7733 2012 7170 2013 9669 2014 10954 2015 12716 2016 12866 (a) Fit a three-year moving average to the data. What is the average in 2005? (2pt) (Round to 2 decimal places) (b) Using a smoothing coefficient of W = 0.25, exponentially smooth the series. What is the smoothing value in 2015? (2pt) (Round to 2 decimal places) (c) What is your exponentially smoothed forecast for 2017? (2pt) (Round to 2 decimal places)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Mathematics Questions!