Question

In: Advanced Math

3. The Krov band is touring the UK. They have played eight dates and already their...

3. The Krov band is touring the UK. They have played eight dates and already their tour is a great success. Total post-gig sales (merchandising, CDs etc.) on each date have been:

Date no.

Sales (£000s)

1

3

2

7

3

15

4

14

5

18

6

21

7

16

8

22

9
  1. Apply the exponential smoothing model with a coefficient of 0.4 to predict the value of post-gig sales after the next tour date (Date no. 9).
  2. Compute the Mean Square Deviation (MSD).
  3. Exponential smoothing with a coefficient of 0.6 was found to have a MSD = 28.592. Which model is better in terms of prediction?

Solutions

Expert Solution

Colby Messinger answered 2 years ago
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