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

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).
Compute the Mean Square Deviation (MSD).
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 1 year ago

Next > < Previous

Related Solutions

Rock band The Rolling Stones have played scores of concerts in the last twenty years. For...

Rock band The Rolling Stones have played scores of concerts in the last twenty years. For 30 randomly selected Rolling Stones concerts, the mean gross earnings is 2.65 million dollars. Part a) Assuming a population standard deviation gross earnings of 0.47 million dollars, obtain a 99% confidence interval for the mean gross earnings of all Rolling Stones concerts (in millions). Please carry at least three decimal places in intermediate steps. Give your answer to the nearest 3 decimal places. confidence...

Rock band The Rolling Stones have played scores of concerts in the last twenty years. For...

Rock band The Rolling Stones have played scores of concerts in the last twenty years. For 30 randomly selected Rolling Stones concerts, the mean gross earnings is 2.19 million dollars. Part a) Assuming a population standard deviation gross earnings of 0.48 million dollars, obtain a 99% confidence interval for the mean gross earnings of all Rolling Stones concerts (in millions). Please carry at least three decimal places in intermediate steps. Give your answer to the nearest 3 decimal places. Confidence...

This is an Epidimiology question!!! from the movie And the Band Played On 10. What, if...

This is an Epidimiology question!!! from the movie And the Band Played On 10. What, if any, is the responsibility and duty of health departments in disseminating the findings of scientific studies being carried out? 11. Mention the names used to identify the disease. Of what way This contributed to promoting discrimination and homophobia towards community homosexual?

From the And The Band Played On: What is your perception of how the CDC disseminated...

From the And The Band Played On: What is your perception of how the CDC disseminated the findings of the scientific study that demonstrated sexual contact as a mode of disease transmission?

From the And The Band Played On Movie: How important is communication between researchers in the...

From the And The Band Played On Movie: How important is communication between researchers in the United States and the Pasteur Institute in Paris, in the information they recognized? What role do CDC and NIH play in this situation?

You have an opaque urn with eight balls in it. Of these eight balls, there are...

You have an opaque urn with eight balls in it. Of these eight balls, there are two balls with a 4 on them, there are four balls with a 5 on them, there is one ball with a 6 on it, and one ball with a 10 on it. Let X denote the random variable that takes on the values X = 4,5,6,10. Find the: a. mean b. variance c. standard deviation d. skewness e. kurtosis f. median g. mode...

This project will be submitted in 3 parts. The submission dates and required parts to be...

This project will be submitted in 3 parts. The submission dates and required parts to be completed for each submission are: Submission 1 - due Monday September 10 before 5pm - You must submit your completed July Journal entries, the Worksheet complete through the Trial Balance, and the worksheet formulas tab complete through the Trial Balance. Your file must be named correctly - "Your name (first and last) Project 1 part 1. Failure to name your file correctly will result...

Ti Fan and his wife have retired. They are touring the USA in a big recreational vehicle (RV).

Ti Fan and his wife have retired. They are touring the USA in a big recreational vehicle (RV). They are towing a Prius car, which they use for running errands when the RV is parked. However, towing the Prius decreases the gas mileage of the RV by 25%. Ti Fan wonders if they would save gas if his wife drives the Prius instead of towing it. The Prius gets good mileage, 50 miles per gallon. Ti Fan has never...

INSTRUCTIONS: I HAVE ALREADY ANSWERED QUESTION 1 AND 2. I NEED ASSISTANCE WITH QUESTIONS 3 AND...

INSTRUCTIONS: I HAVE ALREADY ANSWERED QUESTION 1 AND 2. I NEED ASSISTANCE WITH QUESTIONS 3 AND 4. I HAVE FILLED OUT THE PERCENTAGE CHANGE FOR QUESTION 3, AND NEED HELP ON CALCULATING THE OPERATING, INVESTING, AND FINANCIAL SECTIONS. AS WELL AS, THE EQUATIONS FOR QUESTION 4. IF YOU CAN ANSWER QUESTIONS 3 & 4 I WILL AWARD CREDIT. Question 1: Common size for income statement Income Statement (Common Size) : Consolidated Income Statement 2011 % 2010 % Revenue $19,176.1...

LO1 - The government is concerned on the impact that Brexit may have on the UK...

LO1 - The government is concerned on the impact that Brexit may have on the UK car industry. Explain which factors you think are key to the Supply and Demand for UK cars: Evaluate how demand and supply result in price equilibrium in the car market. Analyse factors that may cause supply and demand for UK cars to shift. Evaluate how government intervention in a market can cause the car market to change.

Subjects