We have partial time series data for monthly shipping amounts (Y+) and the corresponding exponential smoothing forecast values. Y5 = 50.0, Y6 = 48.0, Y7 = 53.9 F5 = 49.0, F6 = 49.6, F7 = 48.6 Forecast next month's shipment amount (Fg) using 0.6 as the exponential smoothing factor. (Show 1 decimal place.)

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
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We have partial time series data for monthly shipping amounts (Y+) and the
corresponding exponential smoothing forecast values.
Y5 = 50.0, Y6 = 48.0, Y7 = 53.9
F5 = 49.0, F6 = 49.6, F7 = 48.6
Forecast next month's shipment amount (Fg) using 0.6 as the exponential
smoothing factor.
(Show 1 decimal place.)
Transcribed Image Text:We have partial time series data for monthly shipping amounts (Y+) and the corresponding exponential smoothing forecast values. Y5 = 50.0, Y6 = 48.0, Y7 = 53.9 F5 = 49.0, F6 = 49.6, F7 = 48.6 Forecast next month's shipment amount (Fg) using 0.6 as the exponential smoothing factor. (Show 1 decimal place.)
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