Exhibit 14-3
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 14-3. Obtain a simple exponential smoothing forecast again, this time optimizing the smoothing constant. Does it make much of an improvement?

Question

Quizplus · Accepted Answer

The Answer of Exhibit 14-3
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 14-3. Obtain a simple exponential smoothing forecast again, this time optimizing the smoothing constant. Does it make much of an improvement?

Exhibit 14-3 the Quarterly Numbers of Applications for Home Mortgage Loans at Loans