Essentials of Business Analytics (MindTap Course List)
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN: 9781305627734
Author: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher: Cengage Learning
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Chapter 8, Problem 9P

(a)

To determine

Expand y^13 interms of  y^12,y^11,y^10,y^9,y^8.

(b)

To determine

Explain how exponential smoothing weights past data values in arriving at new forecasts.

Compare the weighting pattern with the moving averages method.

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