Question: The data set movies again, repeat the steps in problem #7.Comment on the differences between the four different moving averages.Which one seems to be the
The data set movies again, repeat the steps in problem #7.Comment on the differences between the four different moving averages.Which one seems to be the best one to use?Using the data set Movies again, use exponential smoothing the estimate the next year's movie ticket sales.Does this seem to be a better or worse method than moving averages to predict the 2016 sales.Explain your choice.
Year
Tickets Sold
2001
8.61
2002
8.14
2003
7.67
2004
6.59
2005
7.37
2006
6.88
2007
6.71
2008
6.61
2009
5.58
2010
5.87
2011
5.94
2012
5.49
2013
5.43
2014
5.51
2015
5.58
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
