The data file Gold Price shows the year-end price of gold (in dollars) over 14 consecutive years.

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The data file Gold Price shows the year-end price of gold (in dollars) over 14 consecutive years. Use the method of simple exponential smoothing, with a smoothing constant of α = 0.7, to obtain forecasts of the price of gold in the next 5 years.

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Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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Question Posted: Jul 08, 2015 12:24 AM

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The data file Gold Price shows the year-end price of gold (in dollars) over 14 consecutive years.

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Use smoothing constant of 7 alpha of 3 in Minitab Set initial smoothing value at the a...View the full answer

Statistics For Business And Economics

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