Q4. Annual export (in million dollars) by the FarmersDirect Ltd are provided below. 2013 2014 2015 2016 2017 2018 2019 320 300 290 Year Export 294 370 360 270 (a) Use the 2-MA and 4-MA to forecast the export in 2021. If the true export in 2021 is S290 million dollars, which method is preferred? (b) What is the limitation of Exponential smoothing with W = 0.7 to obtain forecast for the year 2021? (c) If you are asked to fit a trend model, what type of trend model would you consider? Use appropriate statistics to support your answer.

Q4. Annual export (in million dollars) by the FarmersDirect Ltd are provided below. 2013 2014 2015 2016 2017 2018 2019 320 300 290 Year Export 294 370 360 270 (a) Use the 2-MA and 4-MA to forecast the export in 2021. If the true export in 2021 is S290 million dollars, which method is preferred? (b) What is the limitation of Exponential smoothing with W = 0.7 to obtain forecast for the year 2021? (c) If you are asked to fit a trend model, what type of trend model would you consider? Use appropriate statistics to support your answer.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.7: Exponential And Logarithmic Models

Problem 16TI: Recent data suggests that, as of 2013, the rate of growth predicted by Moore’s Law no longer holds....

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