Use the data given below to answer the following question(s) .
The table provided below gives the sales details of the number of android smart phones at an electronic retail store for the past 6 weeks.The time series appears to be relatively stable, without trend, seasonal, or cyclical effects.The value of k is set at 3.(Hint: Optimize α value.)
-What is the formula used to calculate the value of bt in the linear trend equation Ft₊k = at + btk while using double exponential smoothing?
A) bt = β(bt - bt₋₁) + (1 -β) bt₋₁
B) bt = αFt₋₁ + (1 - α) (at ₊₁ + bt₊₁)
C) bt = αFt + (1 - α) (at ₋₁ + bt₋₁)
D) bt = β(at - at₋₁) + (1 -β) bt₋₁
Correct Answer:
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