In: Statistics and Probability
Consider the following daily time series representing the number
of clients visiting the Small Business Development Center over the
previous 10 days.
Day | Clients |
---|---|
1 | 1 |
2 | 2 |
3 | 1 |
4 | 3 |
5 | 0 |
6 | 2 |
7 | 1 |
8 | 1 |
9 | 2 |
10 | 3 |
Step 1 of 2: What is the Simple Exponential Smoothing Forecast
for day 11 (t = 11) assuming that the smoothing constant, alpha =
0.2?
Round to 2 decimal places.
Step 2 of 2: What is the Simple Exponential Smoothing Forecast
for day 11 (t = 11) assuming that the smoothing constant, alpha =
0.75?
Round to 2 decimal places.