How do you calculate an exponential smoothing model using alpha = 0.5 and 0.8. What is the prediction for 7/1/2021 for each technique? Forecasts Date Day of Week Rooms Sold MA 2 MA 4 ES (0.8) ES (0.5) 6/1/2021 Tuesday 123 6/2/2021 Wednesday 109 6/3/2021 Thursday 140 116.0 6/4/2021 Friday 199 124.5 6/5/2021 Saturday 179 169.5 142.8 6/6/2021 Sunday 140 189.0 156.8 6/7/2021 Monday 117 159.5 164.5 6/8/2021 Tuesday 132 128.5 158.8 6/9/2021 Wednesday 108 124.5 142.0 6/10/2021 Thursday 151 120.0 124.3 6/11/2021 Friday 182 129.5 127.0 6/12/2021 Saturday 168 166.5 143.3 6/13/2021 Sunday 161 175.0 152.3 6/14/2021 Monday 119 164.5 165.5 6/15/2021 Tuesday 133 140.0 157.5 6/16/2021 Wednesday 139 126.0 145.3 6/17/2021 Thursday 146 136.0 138.0 6/18/2021 Friday 168 142.5 134.3 6/19/2021 Saturday 188 157.0 146.5 6/20/2021 Sunday 147 178.0 160.3 6/21/2021 Monday 110 167.5 162.3 6/22/2021 Tuesday 136 128.5 153.3 6/23/2021 Wednesday 134 123.0 145.3 6/24/2021 Thursday 133 135.0 131.8 6/25/2021 Friday 182 133.5 128.3 6/26/2021 Saturday 178 157.5 146.3 6/27/2021 Sunday 137 180.0 156.8 6/28/2021 Monday 137 157.5 157.5 6/29/2021 Tuesday 134 137.0 158.5 6/30/2021 Wednesday 133 135.5 146.5 7/1/2021 Thursday ? 133.5 135.3

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.8: Fitting Exponential Models To Data

Problem 1TI: Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use...

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How do you calculate an exponential smoothing model using alpha = 0.5 and 0.8. What is the prediction for 7/1/2021 for each technique?