Answered: Find forecasted value for 2017using α =…

Find forecasted value for 2017using α = 0.5 and α = 0.7 using exponential smoothing method.Which α is better Years Sales Forecasted sale 2012 25 ……. 2013 17 2014 21 2015 30 2016 27 2017

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section4.3: Fitting Linear Models To Data

Problem 23SE: The US. import of wine (in hectoliters) for several years is given in Table 5. Determine whether the...

See similar textbooks

Related questions

Q: U.S. Civilian Labor Force (thousands) Year Labor Force Year Labor Force 2007 153,918 2012…

A: Let the year be denoted by X, the labour Force be denoted by Y. We will create another variable to…

Q: September 1994, pp. 423-426. 26. Word Users According to a survey by Olsten Staffing Services, the…

A: Apologies. We only answer one question at a time. We will answer question 1 and its subparts (a),…

Q: A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Daily sales…

Q: Use regression to analyze the data below. GDP Growth is your dependent variable and Jobles Claims…

A: Note that I used R software for my calculations.

Q: The following data are the last three years of quarterly sales ($ thousands) for AmeriWeld. They are…

A: Given that -

Q: A statistics student is studying if there is a relationship between the price of a used car and the…

Q: Using excel. For the Hawkins Company, the monthly percentages of all shipments received on time over…

A: a) The given information is that the monthly percentages of company Hawkin’s entire shipments of…

Q: Ten weeks of data on the commodity Futures Index are 7.35, 7.4, 7.55, 7.56, 7.6, 7.52, 7.52, 7.7,…

A: Formula Used: Ft+1=Ft+α(At-Ft)Ft+1=αAt+(1-α)Ft We use second formula to calculate exponential…

Q: Using the DJIA data and exponential smoothing with trend adjustment, forecast the opening DJIA value…

A: Given Information: Consider the given data: YEAR DIJA 2013 13104 2012 12392 2011 11577…

Q: Number of Certified Organic Farms in the United States, 2001–2008 Year Farms 2001 5,441 2002 5,806…

A: Introduction: From the given information, it seems that the year 2001 is numbered as year 1, 2002 as…

Q: The data below are the monthly sales of jeans at a local department store. The buyer would like to…

A: Naive Method: In naive forecasting current period and the previous period are the same which means…

Q: The accompanying table gives the stock market indices for a certain company on the stock market. Use…

A: The regression equation gives a numerical relationship between a response variable and one or more…

Q: My App is a smal but growing start-up that sees demand for several of Its apps increasing quickly.…

A: Given information: Initial forecast(Ft-1)=220000. Initial trend forecast(Tt-1)=40000. Smoothing…

Q: Anita Limited has shared their annual sales revenue over the last 6 financial years from 2015 to…

A: a) Using linear trend equation forecast the sales revenue of Anita Limited for 2021 For a linear…

Q: a. 3 day moving average analysis b. 4 day moving average analysis c. 3 day weighted moving average…

A: ANSWER:-

Q: Compute the one-step-ahead 3-month and 6-month moving-average forecasts for July through December.…

A: Given information: The data presents the sample for the months January through December.

Q: Use a graphing calculator to graph the data and to find a regression model that best fits the data.…

A: Given,

Q: Q3. Consider the following data. Period…

A: For the given data What is the mean growth rate over these five periods?

Q: Using the information in the table below, find the occupancy rate for the years 2021 to 2024 using…

A: Given α=0.3. Let At represent the actual values of the occupancy rate and Ft represent the forecast…

Q: a)Given the data 63, 64, 66, 67, 67, 69, 71, 72 are the units of actual sales of TV in the last…

A: Since you have posted a multiple questions, we will solve the first complete question and request…

Q: U.S. Civilian Labor Force (thousands) Year Labor Force Year Labor Force 2007 173,966 2012…

A: The year 2007 can be labeled as 1, the year 2008 can be labelled as 2, and so on. The data inserted…

Q: Aiman recently graduated from engineering school and has taken a position as assistant manager at a…

A: Forecasting error analysis

Q: Annual profit of a company (in million taka) are given below. Year 2010 2011 2012 2013 2014 2015…

A: Exponential smoothing forecast method is used to forecast the immediate future values. Exponential…

Q: Let's say you are playing the stock market and below period 2020 data was provided. For "stock A"…

Q: Anita Limited has shared their annual sales revenue over the last 6 financial years from 2015 to…

A: For Using linear trend equation to forecast the sales revenue of Anita Limited for 2021, we have to…

Q: The percent of 10th grade students who have smoked frequently in the last 30 days has greatly…

A: Average rate of change is calculated as change in quantity by change in time.

Q: Use the following sales data: Week Sales 1 30 2…

A: a) We know that, in naive method we can calculate forecast value as, We get result as, Using…

Q: Monthly data for the demand of an item are shown in the table below. 1 2 3 45 6 Month Demand 93 99…

A: The given table is as follows:

Q: Quarterly revenue ($millions) for Twitter for the first quarter of 2012 through the first quarter of…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: 5. Apply the exponential smoothing technique with exponential smoothing constant a 0.3 to the…

A: Forecasting values: The forecasting values using the exponential smoothing technique with α=0.3 are…

Q: Q4. Annual export (in million dollars) by the FarmersDirect Ltd are provided below. 2013 2014 2015…

Q: Forecast sales in the coming year (Year 5) using the regression results above.

A: The trend equation is given by S = -1.1t +110.9 where intercept is 110.9 and coefficient of year is…

Q: a. Sales of the Flying Flintmobile has been increasing over the past five years. The operations…

Q: Enterprise Industries produces Fresh, a brand of liquid laundry detergent. In arder to manage its…

A: Enterprise Industries produces Fresh, a brand of liquid laundry detergent. In order to manage its…

Q: ABC Corporation has sales figures as given below. Forecast sales for 2021 using the following…

A: a. The trend line for the given data Year x sales Y X=(x-2016)/0.5 XY X^2 Y^2 Trend value(Yi)…

Q: A certain company produces and sells frozen pizzas to public schools throughout the eastern United…

A: a) Excel Procedure: Enter year and Revenue in Excel sheet>Select year and revenue>Insert…

Q: Tokio tracks the monthly balance of her investment in a newly opened bank in Palawan. Refer to the…

Q: Let's say you are playing the stock market and below period 2020 data was provided. For "stock A"…

Q: Anita Limited has shared their annual sales revenue over the last 6 financial years from 2015 to…

A: a) Using linear trend equation forecast the sales revenue of Anita Limited for 2021. For the…

Q: Let y represent the profit (or loss) for a certain company a years after 1980. Based on the data…

A: The independent variable is company. The dependent variable is profit (or loss). This is simple…

Q: M-commerce retail sales in the UK forecast 70 61.55 60 55.49 49.27 50 42.78 40 £bn sales 30 36,18…

A: Percentage change can be calculated by dividing the relative change by the initial value, and then…

Q: Determine which of the data sets in parts (a)-(c) are linear and which are exponential. For the…

A: We are given the following data. Notice that 12-14-1+(-2)=14≠1=2-11-0. Thus, the data is…

Q: Let's say you are playing the stock market and below period 2020 data was provided. For "stock A"…

A: Given data is :

Q: а. Sales of the Flying Flintmobile has been increasing over the past five years. The operations…

A: Given information: Year Sales Forecast 2016 450 2017 495 2018 518 2019 563…

Q: Let's say you are playing the stock market and below period 2020 data was provided. For "stock A"…

A: Given :For stock B we can use exponential smoothing α=0.3

Q: The accompanying dataset shows the monthly coal consumption (in trillions of BTUS) over the course…

A: Let us Define the dummy variables, Jan=1, If Month=Jan0, otherwiseFeb=1, If Month=Feb0,…

Q: Use a simple linear trend regression (Enrollment = β0 + β1∙Time) to answer the following: a.…

A: Soluion Given data

Q: QI Given the following data, calculate forecasts for months 4, 5, 6, and 7 using a three- month…

A: Given data is : Month Actual Sales 1 55 2 76 3 59 4 66 5 74 6 76 7 The formula…

Q: a)Compute the seasonal indices. b)lf the de-seasonalised trend equation is Y = 8.110 + 0.09t,…

A: Here AS PER POLICY I HAVE CALCULATED FIRST MAIN QUESTION PLZ REPOST FOR REMAINING

Q: Using the photo attached, One Stop Car Repairs ollects data on the actual demand for its services…

A: Given data:

Question

Find forecasted value for 2017using α = 0.5 and α = 0.7 using exponential smoothing method.Which α is better

Years

Sales

Forecasted sale

2012

…….

2013

2014

2015

2016

2017

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Introduction

VIEW

Calculation

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Time Series Analyses, Forecasting Methods, and Indices$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

Cable TV The following table shows the number C. in millions, of basic subscribers to cable TV in the indicated year These data are from the Statistical Abstract of the United States. Year 1975 1980 1985 1990 1995 2000 C 9.8 17.5 35.4 50.5 60.6 60.6 a. Use regression to find a logistic model for these data. b. By what annual percentage would you expect the number of cable subscribers to grow in the absence of limiting factors? c. The estimated number of subscribers in 2005 was 65.3million. What light does this shed on the model you found in part a?
The U.S. Census tracks the percentage of persons 25 years or older who are college graduates. That data forseveral years is given in Table 4[14]. Determine whether the trend appears linear. If so, and assuming the trendcontinues. in what year will the percentage exceed 35%?
The US. import of wine (in hectoliters) for several years is given in Table 5. Determine whether the trend appearslinear. Ifso, and assuming the trend continues, in what year will imports exceed 12,000 hectoliters?
Sales of the Flying Flintmobile has been increasing over the past five years. The operationsmanager has estimated sales in 2017 to be 410 Flying Flintmobiles. Using exponential smoothingwith a weight of α = 0.30, develop forecasts for 2017 through 2022. Year Sales Forecast2016 4502017 4952018 5182019 5632020 5842021 2022
Question Sales of the Flying Flint mobile has been increasing over the past five years. The operations manager has estimated sales in 2017 to be 410 Flying Flint mobiles. Using exponential smoothing with a weight of α = 0.30, develop forecasts for 2017 through 2021. Year Sales Forecast 2016 450 2017 495 2018 518 2019 563 2020 584 2021
The number of fishing rods selling each day is given below. Perform analyses of the time series to determine which model should be used for forecasting. a. exponential smoothing analysis with a = 0.3.b. Which model provides a better fit of the data?c. Forecast day 13 sales of fishing rods using the model chosen in part (b). Day Rods sold1 602 703 1104 805 706 857 1158 1059 6510 7511 9512 85
A police station had to deploy police officers for emergencies multiple times the lastfour evenings. The numbers of emergencies for Monday, Tuesday, Wednesday, andThursday were 7, 4, 8, and 11, respectively. What would be the station’s forecast forFriday using an exponential smoothing forecasting approach? Use α = 0.3 and aforecast for Monday of 9.
Sales of the Crown Gems have been increasing over the past five years. The operations manager has estimated sales in 2017 to be 410 Crown Gems. Using exponential smoothing with a weight of α = 0.30, develop forecasts for 2017 through 2022. Year Sales Forecast 2016 450 2017 495 2018 518 2019 563 2021 584 2022 2. Advise Crown Gems of the benefits associated with this method of forecasting. 3. Caution the manager on the limitations associated with your forecast.
Cynthia’s Design Studios had sales in the last four months of $12,700, $14,500, $19,100, and $15,800. Sales are related to how many designers Cynthia has on duty. The sales forecast helps her decide on the proper staffing levels. What is the forecast for the fifth month using a two-period moving average? What is the forecast for the fifth month using = 0.8 in an exponential smoothing model with A4 = $15,800 and F4 = $17,913 to get things started.
A fashion designer predicted in September, that October demand for dresses will be 142 dresses. Actual October demand was 153 dresses. The management has decided to use a smoothing constant of a= .20, to forecast November demand using the exponential smoothing model. The forecast for November is a. 144.20 b. 125.20 c. 146.30 d. 150.10
a)Given the data 63, 64, 66, 67, 67, 69, 71, 72 are the units of actual sales of TV in the last eight periods. Find the forecast for the ninth period using simple exponential smoothing.Use α = 0.3 and initial forecast using simple average of last eight months. b)The sales of a company (in million dollars) for each year are shown in the table below. Find the linear sales trend line.x (year) 2005 2006 2007 2008 2009y (sales) 12 19 29 37 45 plz i need these answers within 4 hrs i need to submit them do the questions manually without using excel or minitab
U.S. Civilian Labor Force (thousands)Year Labor Force Year Labor Force2007 173,966 2012 175,6762008 174,703 2013 175,1992009 173,159 2014 176,2862010 173,698 2015 178,0052011 174,043 2016 179,688 Make forecasts using the following fitted trend models for years 2017-2019. t Linear Quadratic Exponential 111213