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:
Coase Theorem
A principle that if property rights are clearly defined and transaction costs are low, private bargains will ensure that the market always reaches an efficient outcome regardless of who holds the initial property rights.
Externalities
Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.
Cap-And-Trade
An environmental policy mechanism that sets a cap on emissions and allows businesses to buy and sell permits for the right to emit.
Carbon Tax
A tax imposed on the carbon content of fuels to mitigate environmental impacts of carbon dioxide emissions.
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