The following data show the number of issues from initial public offerings (IPOs) for a 13-year period
Question:
The following data show the number of issues from initial public offerings (IPOs) for a 13-year period released by the Securities Data Company. Use these data to develop forecasts for the years 3 through 13 using exponential smoothing techniques with alpha values of .2 and .9. Let the forecast for year 2 be the value for year 1.
Compare the results by examining the errors of the forecasts.
Year Number of Issues
1 ...........332
2 ........... 694
3 ...........518
4 ...........222
5 ...........209
6 ...........172
7 ...........366
8 ...........512
9 ...........667
10 ............571
11 ............575
12 ............865
13 ............609
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Step by Step Answer:
Year NoIssues F a 2 F a 9 1 332 2 694 3320 3620 3320 3620 3 5...View the full answer
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Related Book For 
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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