Use this information to answer the following questions.
The following data,provided by the U.S.Bureau of Citizenship and Immigration Services,represent the number of immigrants admitted to the United States,in thousands,from 1990-2001.
-Refer to the table above.
a.Use exponential smoothing with a smoothing constant of 0.3 to forecast the number of immigrants in 2002.
b.Use exponential smoothing with a smoothing constant of 0.6 to forecast number of immigrants in 2002.
c.Which of the two methods provides a more accurate forecast based on the MAD criterion?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q53: Use this information to answer the
Q54: Use this information to answer the
Q55: Use this information to answer the
Q56: Use this information to answer the
Q57: Use this information to answer the
Q59: Two different forecasting techniques (F1 and
Q60: Use this information to answer the
Q61: Use this information to answer the
Q62: Use this information to answer the
Q63: Use this information to answer the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents