Use the data given below to answer the following questions) .
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 6^th year?

Question

Use the data given below to answer the following questions) .
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 6^th year?

Quizplus · Accepted Answer

Given the lack of specific details on the forecasting method to be applied (e.g., Exponential Smoothing, ARIMA, etc.), and the provided parameters (α = 0.2, γ = 0.05, season length = 1) which hint at a form of Exponential Smoothing, it's not possible to directly calculate the forecast without the application of a specific forecasting model and software (e.g., XLMiner as hinted). The correct answer would depend on applying the given parameters in the context of a forecasting model that utilizes these parameters, likely a form of Exponential Smoothing given the presence of α (smoothing constant for the level) and γ (smoothing constant for the trend or seasonality, though its application is unclear with a season length of 1). Without the ability to run the model through XLMiner or a similar tool as part of this interaction, and without a clear indication of the forecasting model used, providing a specific forecast value directly from the provided data and parameters is not feasible. The answer provided is based on the assumption that a specific calculation or model application was expected, which cannot be accurately completed in this format.

Use the Data Given Below to Answer the Following Questions)