Based on the Following Data, a Forecaster Used Simple Exponential

question 34

Short Answer

Based on the following data, a forecaster used simple exponential smoothing and determined the following: S₀ = 19, S₁ = 18.6, S₂ = 19.08, S₃ = 19.064, S₄ = 19.851,
and S₅ = 19.481.
Calculate the Mean Absolute Deviation (MAD).

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Definitions:

Triangular Theory

Refers to Sternberg's Triangular Theory of Love, emphasizing that love consists of three components: intimacy, passion, and commitment, each forming a vertex of a triangle.

Motivational Component

Elements or factors that energize, direct, and sustain behavior towards achieving a specific goal or fulfilling a need.

Sternberg's

refers to Sternberg's Triarchic Theory of Intelligence, which posits three main components of intelligence: analytical, creative, and practical.

Triangular Theory

A theory that describes love in terms of three components: intimacy, passion, and commitment, positing that different combinations lead to different types of love.