TABLE 16-13 Given Below Is the Monthly Time-Series Data for U.S. Retail

question 166

Short Answer

TABLE 16-13
Given below is the monthly time-series data for U.S. retail sales of building materials over a specific year.

The results of the linear trend, quadratic trend, exponential trend, first-order autoregressive, second-order autoregressive and third-order autoregressive model are presented below in which the coded month for the first month is 0:




-Referring to Table 16-13, what is the exponentially smoothed value for the first month using a smoothing coefficient of W = 0.25?

---

Definitions:

Ideas of the World

Refers to the various concepts, beliefs, and perspectives that people have about the world and its nature.

Idealism

A philosophical approach that posits reality or reality as experienced is fundamentally mental, mentally constructed, or otherwise immaterial.

Monads

In the philosophy of Leibniz, monads are simple substances that form the foundation of the universe, each being a unique, indecomposable, dynamic entity with its own internal properties but without spatial extension.

Physical Substances

Entities or materials that exist in the physical world, possessing mass and occupying space.