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Consider the Monthly Time Series Shown in the Table A Use the Values Of Shown

Question 28

Essay

Consider the monthly time series shown in the table.  Month tY January 1185 February 2192 March 3189 April 4201 May 5195 June 6199 July 7206 August 8203 September 9208 October 10209 November 11218 December 12216\begin{array}{l|c|c}\hline \text { Month } & \mathrm{t} & \mathrm{Y} \\\hline \text { January } & 1 & 185 \\\hline \text { February } & 2 & 192 \\\hline \text { March } & 3 & 189 \\\hline \text { April } & 4 & 201 \\\hline \text { May } & 5 & 195 \\\hline \text { June } & 6 & 199 \\\hline \text { July } & 7 & 206 \\\hline \text { August } & 8 & 203 \\\hline \text { September } & 9 & 208 \\\hline \text { October } & 10 & 209 \\\hline \text { November } & 11 & 218 \\\hline \text { December } & 12 & 216 \\\hline\end{array}
a. Use the values of YY in the table to forecast the values of YY for the next two months, using simple exponential smoothing with w=0.7\mathrm { w } = 0.7 .
b. Use the Holt model with w=0.7w = 0.7 and v=0.7v = 0.7 to forecast the values of YY for the next two months.

Correct Answer:

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a. 215.72;...

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