Question: The accompanying data file con tains annual population data ( in millions ) for Japan from 1 9 6 0 to 2 0 1 9
The accompanying data file contains annual population data in millions for Japan from to For crossvalidation, let the training and the validation sets comprise the periods from to and to respectively.
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a Use the training set to implement the Holt exponential smoothing method with usersupplied alpha and beta as well as the computergenerated, smoothing parameters and compute the resulting performance measures for the validation set.
Note: Do not round intermediate calculations. Round final answers to decimal places.
b Determine the preferred smoothing parameters for making the forecast?
b Reestimate the preferred model with the entire data set to forecast the population in Japan for in millions
Note: Do not round intermediate calculations. Round final answers to decimal places.
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