Question: The data in the table below are the amounts of crude oil (millions of barrels) imported into the United States from the Organization of Petroleum

The data in the table below are the amounts of crude oil (millions of barrels) imported into the United States from the Organization of Petroleum Exporting Countries (OPEC) for the years 1995-2015.

a. Construct two exponentially smoothed series for this time series, using w = .1 and w = .9.
b. Plot the original series and the two smoothed series on the same graph. Which smoothed series looks more like the original series? Why?

Imports, Y; Year 1995 1996 1997 1998 1999 1 1544 1541 3 4 1668 1790 1808 1904 2018 1681 1884 2086 2039 2000 2001 2002 2003 2004 2005 6. 8. 10 11 2006 2007 2008 2009 2010 12 13 14 15 16 2014 2183 2179 1743 1791 2011 2012 17 18 19 20 21 1663 1563 1358 1181 1058 2013 2014 2015

Step by Step Solution

★★★★★

3.37 Rating (178 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a The exponentially smoothed imports for the first period is equal to the imports that period For th... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1346-M-S-S-D(5431).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

The data in the table below are for retail sales in book stores by quarter. a. Plot these data and examine the plot. Does this view of the data suggest a particular smoothing model? Do the data...

The data given in the table below are the midterm scores in a course for a sample of 10 students and the scores of student evaluations of the instructor. (In the instructor evaluation scores, 1 is...

The data from Exercise are reproduced in the table below. The table shows last years percentage increase in value for each of the 15 stocks in your investment portfolio: Draw the box plot. 614 582...

OPEC crude oil imports. The data in the table below are the amounts of crude oil (millions of barrels) imported into the United States from the Organization of Petroleum Exporting Countries (OPEC)...

a. Construct two exponentially smoothed series for this time series, using w=.1 and w = .9. b. Plot the original series and the two smoothed series on the same graph. Which smoothed series looks more...

OPEC crude oil imports. The data in the next table are the amounts of crude oil (millions of barrels) imported into the United States from the Organization of Petroleum Exporting Countries (OPEC) for...

ARTICLEOCTOBER 2020From the barrel to the pump: the impact of the COVID-19 pandemic on prices for petroleum products This article details price movements for petroleum products in the context of the...

Please help answer Interdependence of Middle Eastern Nations Directions: Please use the links and the book to answer the following questions. Make sure your answers are in blue. Step One: Dene the...

What it is a CARTEL,please cite and include specifically what it is the OPEC,(Organization Petroleum Exporting Countries) WIKIPEDIA OPEC The Organization of the Petroleum Exporting Countries (OPEC,...

WIKIPEDIA OPEC The Organization of the Petroleum Exporting Countries (OPEC, !'oUpEk/ OH-pek) is an intergovernmental Organization of the Petroleum organization of 13 nations. Founded on 14 September...

Why has the trend been to purchase software rather than have it tailor-made for organizations?

4-by using Laplace find v, (t) for t > 0? t =0 2002 100V 2002 t =0 0.01F Vo

Bone formation and resorption. Consider the following four variables: VO+, a measure of bone formation; VO, a measure of bone resorption; OC, a biomarker of bone formation; and TRAP, a biomarker of...

1. Figure 8.1 shows that business cycle peaks and troughs are identified with peaks and troughs in the level of aggregate economic activity, which is consistent with current NBER methodology....

The following regression was fitted by least squares to 32 annual observations on time-series data: where yt = quantity of U.S. wheat exported x1t = price of U.S. wheat on world market x2t = quantity...

The following regression was fitted by least squares to 30 annual observations on time-series data: where yt = number of business failures x1t = rate of unemployment x2t = short-term interest rate...

A stockbroker is interested in the factors influencing the rate of return on the common stock of banks. For a sample of 30 banks, the following regression was estimated by least squares: where y =...

Pizza Place, a national pizza chain, is considering purchasing a smaller chain, Western Mountain Chain. Pizza Place's analysts project that the merger will result in incremental net cash flows of...

... 10. In 1974, Loftus and Palmer conducted a classic study demonstrating how the language used to ask a question can influence eyewitness memory. In the study, college students watched a film of...

ISN'T THIS THE CORRECT FORMULA TO GET THE CORRECT ANSWER? 960000 = C x [1-(1/1+0.0775/12)^15X12]/0.0775/12 960000= C x [1-.3138744611]/0.0775/12 960000 = c X .6861255389/0.0064583333 960000 X...