PLEASE I ONLY NEED ANSWERS ON 7 AND 8 Use the data below to solve for the following:2. Naïve method3. Unweighted 3 month moving average4. Weighted Moving Average (3 months, with the following weights: 0.45, 0.35, 0.20)5. Simple Exponential Smoothing with the following parameters:Ft+1=32 and the α = .156. Time Series RegressionMonths123456789101112Firm's Actual Market share3032333428332927323328337. Which of the following forecasting method will you use?8. What are your basis in choosing for your forecasting techniques? Explain briefly.ONLY DO78

We have data of a firm's actual market share for 12 months. The data can be visualized using a…

Answered: 7. Which of the following forecasting…

College Algebra

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...

See similar textbooks

Similar questions

Table 6 shows the population, in thousands, of harbor seals in the Wadden Sea over the years 1997 to 2012. a. Let x represent time in years starting with x=0 for the year 1997. Let y represent the number of seals in thousands. Use logistic regression to fit a model to these data. b. Use the model to predict the seal population for the year 2020. c. To the nearest whole number, what is the limiting value of this model?
The following fictitious table shows kryptonite price, in dollar per gram, t years after 2006. t= Years since 2006 0 1 2 3 4 5 6 7 8 9 10 K= Price 56 51 50 55 58 52 45 43 44 48 51 Make a quartic model of these data. Round the regression parameters to two decimal places.
To the nearest whole number, what is the initial value of a population modeled by the logistic equation P(t)=1751+6.995e0.68t ? What is the carrying capacity?
Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use exponential regression to fit a model to these data. b. If spending continues at this rate, what will the graduate’s credit card debt be one year after graduating?
Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s pole vault height has fallen below the value predicted by the regression line in Example 2. This might have occurred because when the pole vault was a new event there was much room for improvement in vaulters’ performances, whereas now even the best training can produce only incremental advances. Let’s see whether concentrating on more recent results gives a better predictor of future records. (a) Use the data in Table 2 (page 176) to complete the table of winning pole vault heights shown in the margin. (Note that we are using x=0 to correspond to the year 1972, where this restricted data set begins.) (b) Find the regression line for the data in part ‚(a). (c) Plot the data and the regression line on the same axes. Does the regression line seem to provide a good model for the data? (d) What does the regression line predict as the winning pole vault height for the 2012 Olympics? Compare this predicted value to the actual 2012 winning height of 5.97 m, as described on page 177. Has this new regression line provided a better prediction than the line in Example 2?

Recommended textbooks for you

College Algebra

Algebra

ISBN:

9781938168383

Author:

Jay Abramson

Publisher:

OpenStax

Functions and Change: A Modeling Approach to Coll…

Algebra

ISBN:

9781337111348

Author:

Bruce Crauder, Benny Evans, Alan Noell

Publisher:

Cengage Learning

Algebra & Trigonometry with Analytic Geometry

Algebra

ISBN:

9781133382119

Author:

Swokowski

Publisher:

Cengage

College Algebra

Algebra

ISBN:

9781938168383

Author:

Jay Abramson

Publisher:

OpenStax

Functions and Change: A Modeling Approach to Coll…

Algebra

ISBN:

9781337111348

Author:

Bruce Crauder, Benny Evans, Alan Noell

Publisher:

Cengage Learning

Algebra & Trigonometry with Analytic Geometry

Algebra

ISBN:

9781133382119

Author:

Swokowski

Publisher:

Cengage

Linear Algebra: A Modern Introduction

Algebra

ISBN:

9781285463247

Author:

David Poole

Publisher:

Cengage Learning

College Algebra

Algebra

ISBN:

9781305115545

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

7. Which of the following forecasting method will you use? 8. What are your basis in choosing for your forecasting techniques? Explain briefly.