Perform simple exponential smoothing (using Excel’s Data Analysis or other software such as Minitab) using α = .05, .10, .20, and .50. Which value of α do you prefer? U.S. / U.K. Foreign Exchange Rate, U.S. Dollars to One British Pound (n = 60 days) Date Rate 1-Nov 1.2950 4-Nov 1.2906 5-Nov 1.2870 6-Nov 1.2872 7-Nov 1.2829 8-Nov 1.2790 12-Nov 1.2855 13-Nov 1.2840 14-Nov 1.2879 15-Nov 1.2901 18-Nov 1.2965 19-Nov 1.2926 20-Nov 1.2918 21-Nov 1.2915 22-Nov 1.2829 25-Nov 1.2885 26-Nov 1.2850 27-Nov 1.2881 29-Nov 1.2939 2-Dec 1.2936 3-Dec 1.3002 4-Dec 1.3095 5-Dec 1.3165 6-Dec 1.3127 9-Dec 1.3157 10-Dec 1.3178 11-Dec 1.3176 12-Dec 1.3133 13-Dec 1.3349 16-Dec 1.3330 17-Dec 1.3116 18-Dec 1.3078 19-Dec 1.3034 20-Dec 1.3036 23-Dec 1.2917 24-Dec 1.2955 26-Dec 1.3007 27-Dec 1.3090 30-Dec 1.3140 31-Dec 1.3269 2-Jan 1.3128 3-Jan 1.3091 6-Jan 1.3163 7-Jan 1.3127 8-Jan 1.3110 9-Jan 1.3069 10-Jan 1.3060 13-Jan 1.2983 14-Jan 1.3018 15-Jan 1.3030 16-Jan 1.3076 17-Jan 1.3029 21-Jan 1.3047 22-Jan 1.3136 23-Jan 1.3104 24-Jan 1.3071 27-Jan 1.3054 28-Jan 1.2996 29-Jan 1.3012 30-Jan 1.3106

Perform simple exponential smoothing (using Excel’s Data Analysis or other software such as Minitab) using α = .05, .10, .20, and .50. Which value of α do you prefer? U.S. / U.K. Foreign Exchange Rate, U.S. Dollars to One British Pound (n = 60 days) Date Rate 1-Nov 1.2950 4-Nov 1.2906 5-Nov 1.2870 6-Nov 1.2872 7-Nov 1.2829 8-Nov 1.2790 12-Nov 1.2855 13-Nov 1.2840 14-Nov 1.2879 15-Nov 1.2901 18-Nov 1.2965 19-Nov 1.2926 20-Nov 1.2918 21-Nov 1.2915 22-Nov 1.2829 25-Nov 1.2885 26-Nov 1.2850 27-Nov 1.2881 29-Nov 1.2939 2-Dec 1.2936 3-Dec 1.3002 4-Dec 1.3095 5-Dec 1.3165 6-Dec 1.3127 9-Dec 1.3157 10-Dec 1.3178 11-Dec 1.3176 12-Dec 1.3133 13-Dec 1.3349 16-Dec 1.3330 17-Dec 1.3116 18-Dec 1.3078 19-Dec 1.3034 20-Dec 1.3036 23-Dec 1.2917 24-Dec 1.2955 26-Dec 1.3007 27-Dec 1.3090 30-Dec 1.3140 31-Dec 1.3269 2-Jan 1.3128 3-Jan 1.3091 6-Jan 1.3163 7-Jan 1.3127 8-Jan 1.3110 9-Jan 1.3069 10-Jan 1.3060 13-Jan 1.2983 14-Jan 1.3018 15-Jan 1.3030 16-Jan 1.3076 17-Jan 1.3029 21-Jan 1.3047 22-Jan 1.3136 23-Jan 1.3104 24-Jan 1.3071 27-Jan 1.3054 28-Jan 1.2996 29-Jan 1.3012 30-Jan 1.3106

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter2: Functions And Graphs

Section2.3: Linear Functions And Slope

Problem 106E

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Related questions

Question

Perform simple exponential smoothing (using Excel’s Data Analysis or other software such as Minitab) using α = .05, .10, .20, and .50.

Which value of α do you prefer?

U.S. / U.K. Foreign Exchange Rate, U.S. Dollars to One British Pound (n = 60 days)

Date	Rate
1-Nov	1.2950
4-Nov	1.2906
5-Nov	1.2870
6-Nov	1.2872
7-Nov	1.2829
8-Nov	1.2790
12-Nov	1.2855
13-Nov	1.2840
14-Nov	1.2879
15-Nov	1.2901
18-Nov	1.2965
19-Nov	1.2926
20-Nov	1.2918
21-Nov	1.2915
22-Nov	1.2829
25-Nov	1.2885
26-Nov	1.2850
27-Nov	1.2881
29-Nov	1.2939
2-Dec	1.2936
3-Dec	1.3002
4-Dec	1.3095
5-Dec	1.3165
6-Dec	1.3127
9-Dec	1.3157
10-Dec	1.3178
11-Dec	1.3176
12-Dec	1.3133
13-Dec	1.3349
16-Dec	1.3330
17-Dec	1.3116
18-Dec	1.3078
19-Dec	1.3034
20-Dec	1.3036
23-Dec	1.2917
24-Dec	1.2955
26-Dec	1.3007
27-Dec	1.3090
30-Dec	1.3140
31-Dec	1.3269
2-Jan	1.3128
3-Jan	1.3091
6-Jan	1.3163
7-Jan	1.3127
8-Jan	1.3110
9-Jan	1.3069
10-Jan	1.3060
13-Jan	1.2983
14-Jan	1.3018
15-Jan	1.3030
16-Jan	1.3076
17-Jan	1.3029
21-Jan	1.3047
22-Jan	1.3136
23-Jan	1.3104
24-Jan	1.3071
27-Jan	1.3054
28-Jan	1.2996
29-Jan	1.3012
30-Jan	1.3106