The table below shows the price of a commodity for each of ten consecutive years. $\begin{array} { l c c c c c c c c c c }
\hline \text { Year } & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \
\
\text { Price } & \$ 1.19 & \$ 1.22 & \$ 1.23 & \$ 1.45 & \$ 1.39 & \$ 1.42 & \$ 1.47 & \$ 1.55 & \$ 1.62 & \$ 1.65 \
\hline
\end{array}$

Use exponential smoothing with $w = 0.6$ to forecast the price of the commodity in years 11 and $12 .$

Question

The table below shows the price of a commodity for each of ten consecutive years. $\begin{array} { l c c c c c c c c c c } 
\hline \text { Year } & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \
\
 \text { Price } & \$ 1.19 & \$ 1.22 & \$ 1.23 & \$ 1.45 & \$ 1.39 & \$ 1.42 & \$ 1.47 & \$ 1.55 & \$ 1.62 & \$ 1.65 \
\hline
\end{array}$

Use exponential smoothing with $w = 0.6$ to forecast the price of the commodity in years 11 and $12 .$

Quizplus · Accepted Answer

The Answer of The table below shows the price of a commodity for each of ten consecutive years. $\begin{array} { l c c c c c c c c c c } 
\hline \text { Year } & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \
\
 \text { Price } & \$ 1.19 & \$ 1.22 & \$ 1.23 & \$ 1.45 & \$ 1.39 & \$ 1.42 & \$ 1.47 & \$ 1.55 & \$ 1.62 & \$ 1.65 \
\hline
\end{array}$

Use exponential smoothing with $w = 0.6$ to forecast the price of the commodity in years 11 and $12 .$

The Table Below Shows the Price of a Commodity for Each