Question: (b) Perform simple exponential smoothing (using Excel's Data Analysis or other software such as Minitab) using a = .05, 10, .20, and .50. The

(b) Perform simple exponential smoothing (using Excel's Data Analysis or other software such as Minitab) using a = .05, 10, .20, and .50. The

degree of smoothing varies dramatically as a is increased. (c) Which value

(b) Perform simple exponential smoothing (using Excel's Data Analysis or other software such as Minitab) using a = .05, 10, .20, and .50. The degree of smoothing varies dramatically as a is increased. (c) Which value of a do you prefer? (Round your answers to 2 decimal places.) 14-y- 24-May- 6-May-04 1.7741 1.7588 1.7908 04 04 17-May- 25-ay- 7-y-04 1.7942 1.7569 1.8335 04 04 10-May- 18-y- 26-May- 1.7923 1.7757 1.8342 04 04 04 11-y- 19-May- 27-May- 1.7744 1.7839 1.8769 04 04 04 12-May- 20-May- 28-May- 1.7843 1.7710 1.8530 04 04 04 Daily Spot Exchange Rate, U.S. Dollars per Pound Sterling Date Rate Date Rate Date Rate 13-Apr- 23-Apr- 1-Apr-04 1.8764 1.8260 1.7674 04 04 14-Apr- 26-Apr- 2-Apr-04 1.8693 1.7802 1.7857 04 04 15-Apr- 27-Apr- 5-Apr-04 1.8140 1.7935 1.7925 04 04 16-Apr- 28-Apr- 6-Apr-04 1.8674 1.8108 1.7720 04 04 19-Apr- 29-Apr- 7-Apr-04 1.8410 1.8155 1.7851 04 04 20-Apr- 30-Apr- 8-Apr-04 1.8525 1.7916 1.7844 04 04 21-Apr- 9-Apr-04 1.8422 1.7780 3-y-04 1.7720 04 12-Apr- 22-Apr- 1.8558 1.7688 4-ay-04 1.7607 04 04 13-y- 21-May- 5-ay-04 1.7832 1.7589 1.7880 04 04 14-May- 24-ay- 6-Mav-04 1 7741 1 7588 1 7998

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