set forecasts using alpha 0.45 and 0.78 for the total oil productions in millions of tons for Saudi Arabia using simple exponential smoothing Table 2. Total oil production in millions of tons for Saudi Arabia from 1996-2013Forecast Demand, F, Forecast Demand, F,TimeObservationYeara = 0.45a = 0.78xt19961445.3619972453.2019983454.4119994422.382000456.0420016440.3920027425.1920038486.212004500.43200510521.28200611508.95200712488.89200813509.87200914456.72201015473.82201116525.95201217549.83201318542.34

The forecasting for the total oil production (in millions) is to be concluded using the simple…

Table 2. Total oil production in millions of tons for Saudi Arabia from 1996-2013 Forecast Demand, F¿| Forecast Demand, F, a = 0.45 Time Observation Year a = 0.78 yt 445.36 1996 1 1997 2 453.20 1998 3 454.41 1999 4 422.38 2000 456.04 2001 440.39 2002 7 425.19 2003 8 486.21 2004 500.43 2005 10 521.28 2006 11 508.95 2007 12 488.89 2008 13 509.87 2009 14 456.72 2010 15 473.82 2011 16 525.95 2012 17 549.8 2013 18 542.34

Table 2. Total oil production in millions of tons for Saudi Arabia from 1996-2013 Forecast Demand, F¿| Forecast Demand, F, a = 0.45 Time Observation Year a = 0.78 yt 445.36 1996 1 1997 2 453.20 1998 3 454.41 1999 4 422.38 2000 456.04 2001 440.39 2002 7 425.19 2003 8 486.21 2004 500.43 2005 10 521.28 2006 11 508.95 2007 12 488.89 2008 13 509.87 2009 14 456.72 2010 15 473.82 2011 16 525.95 2012 17 549.8 2013 18 542.34

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section: Chapter Questions

Problem 9T

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