Exhibit 13-3
The quarterly numbers of applications for home mortgage loans at a branch office of a large bank are recorded in the table below.

-Refer to Exhibit 13-3.Use simple exponential smoothing to forecast these data,requesting 4 quarters of future forecasts.Use the default smoothing constant of 0.10.Is this better than the moving average model

Question

Exhibit 13-3
The quarterly numbers of applications for home mortgage loans at a branch office of a large bank are recorded in the table below.
 
-Refer to Exhibit 13-3.Use simple exponential smoothing to forecast these data,requesting 4 quarters of future forecasts.Use the default smoothing constant of 0.10.Is this better than the moving average model

Quizplus · Accepted Answer

The Answer of Exhibit 13-3
The quarterly numbers of applications for home mortgage loans at a branch office of a large bank are recorded in the table below.
 
-Refer to Exhibit 13-3.Use simple exponential smoothing to forecast these data,requesting 4 quarters of future forecasts.Use the default smoothing constant of 0.10.Is this better than the moving average model

Exhibit 13-3 the Quarterly Numbers of Applications for Home Mortgage Loans at Loans