Homework Help is Here – Start Your Trial Now!
Math
Statistics
Use the Seaport data set below, a = 0.2, and ẞ = 0.4 to calculate the adjusted exponential smoothing forecast for the number of ships that will visit the port in January 2021. Assume the forecast component for July to be the actual value of July minus the initial trend. Let the initial trend be 20 ships. Round your answer to two decimal places, if necessary. 2020 Month July Number of Ships 744 August 791 September 810 October 581 November 855 December 920

Use the Seaport data set below, a = 0.2, and ẞ = 0.4 to calculate the adjusted exponential smoothing forecast for the number of ships that will visit the port in January 2021. Assume the forecast component for July to be the actual value of July minus the initial trend. Let the initial trend be 20 ships. Round your answer to two decimal places, if necessary. 2020 Month July Number of Ships 744 August 791 September 810 October 581 November 855 December 920

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 33PT: Enter the data from Table 2 into a graphing calculator and graph the ranking scatter plot. Determine...
See similar textbooks
icon
Related questions
Question
Use the Seaport data set below, a = 0.2, and ẞ = 0.4 to calculate the adjusted exponential smoothing forecast for the number of ships that will visit the port in January 2021. Assume the forecast component for July to be the actual value of July minus the initial trend. Let the initial trend be 20 ships. Round your answer to two decimal places, if necessary. 2020 Month July Number of Ships 744 August 791 September 810 October 581 November 855 December 920
Transcribed Image Text:Use the Seaport data set below, a = 0.2, and ẞ = 0.4 to calculate the adjusted exponential smoothing forecast for the number of ships that will visit the port in January 2021. Assume the forecast component for July to be the actual value of July minus the initial trend. Let the initial trend be 20 ships. Round your answer to two decimal places, if necessary. 2020 Month July Number of Ships 744 August 791 September 810 October 581 November 855 December 920
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781305652224
Author:
Charles P. McKeague, Mark D. Turner
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS