Use the data given below to answer the following question(s).
The worldwide sales of cars from 1981-1990 are shown in the table below. Given: α = 0.2, γ = 0.05, and season length = 1. (Hint: Use XLMiner). $$\begin{array} { | c | c | }
\hline \text { Year } & \begin{array} { c }
\text { Units sold in } \
\text { thousands }
\end{array} \
\hline 1 & 750 \
\hline 2 & 823 \
\hline 3 & 1034 \
\hline 4 & 1945 \
\hline 5 & 1556 \
\hline 6 & 1300 \
\hline 7 & 1346 \
\hline 8 & 1150 \
\hline 9 & 967 \
\hline 10 & 1200 \
\hline
\end{array}$$
-Which of the following is the forecast value for the 6th year?
A) 1256.06
B) 1328.04
C) 1321.31
D) 1327.24

Question

Use the data given below to answer the following question(s).
The worldwide sales of cars from 1981-1990 are shown in the table below. Given: α = 0.2, γ = 0.05, and season length = 1. (Hint: Use XLMiner). $$\begin{array} { | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { Units sold in } \
\text { thousands }
\end{array} \
\hline 1 & 750 \
\hline 2 & 823 \
\hline 3 & 1034 \
\hline 4 & 1945 \
\hline 5 & 1556 \
\hline 6 & 1300 \
\hline 7 & 1346 \
\hline 8 & 1150 \
\hline 9 & 967 \
\hline 10 & 1200 \
\hline
\end{array}$$
-Which of the following is the forecast value for the 6th year?
A) 1256.06
B) 1328.04
C) 1321.31
D) 1327.24

Quizplus · Accepted Answer

The forecast value for the 6th year using exponential smoothing with the given parameters is 1328.04.

Use the Data Given Below to Answer the Following Question(s)