SCENARIO 16-13 Given Below Is the Monthly Time Series Data for U.S.retail

question 140

Short Answer

SCENARIO 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 1^st month is 0:
Linear trend model:

Quadratic trend model:
Third-order autoregressive::

Below is the residual plot of the various models:

-Referring to Scenario 16-13,what is the exponentially smoothed forecast for the 13^th month using a smoothing coefficient of W = 0.5 if the exponentially smooth value for the 10^th and 11^th month are 9,746.3672 and 9,480.1836,respectively?

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, represented by the owners' claims against the company's assets.

Stock Dividend

Shareholders receive additional shares as a payment from a corporation, rather than receiving cash.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with dividends that are paid out before those of common stockholders.

Par Value

The nominal value of a bond or stock as declared by the issuer, which may not reflect its actual market value.