The table below shows the actual closing daily stock prices for Kyocera Corporation for September 2 through September 5, 2008.Suppose the forecast for Sept.2 is 81.88.Using SES (single exponential smoothing) with a smoothing constant of 0.2 (α = 0.2) , what is the forecast for Sept.3?
Definitions:
Well-Played Games
Games or sports matches where all participants display a high level of skill, strategy, and adherence to fair play, often leading to enjoyable and competitive entertainment.
Haphazard Way
A manner of doing something that lacks organization, planning, or direction, often leading to unpredictable results.
Sunk Cost Effect
The decision-making bias where people continue an endeavor once an investment in money, effort, or time has been made, regardless of the current costs outweighing the benefits.
Availability Heuristic
A quick mental leap utilizing examples that spontaneously arise in an individual's thoughts during the evaluation of a specific subject, concept, technique, or decision-making process.
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