(Situation G) the Number of Industrial and Construction Failures in the United

question 19

Multiple Choice

(Situation G) The number of industrial and construction failures in the United States by the type of firm for the years 1985-1996 is given in the table. $$\begin{array} { r r r r r r } \hline \text { Year } & \text { Commercial } & \text { Manufacturing } & \begin{array} { r } \text { Retail } \\\text { Trade }\end{array} & \begin{array} { l } \text { Wholesale } \\\text { Trade }\end{array} \\\hline 1985 & 1637 & 2262 & 1645 & 4799 & 1089 \\1986 & 1331 & 1770 & 1360 & 4139 & 1028 \\1987 & 1041 & 1463 & 1122 & 3406 & 887 \\1988 & 773 & 1204 & 1013 & 2889 & 740 \\1989 & 930 & 1378 & 1165 & 3183 & 908 \\1990 & 1594 & 2355 & 1599 & 4910 & 1284 \\1991 & 2366 & 3614 & 2223 & 6882 & 1709 \\1992 & 3840 & 4872 & 3683 & 9730 & 2783 \\1993 & 8627 & 5247 & 4433 & 11,429 & 3598 \\1994 & 12,787 & 6936 & 5759 & 13,787 & 4882 \\1995 & 16,647 & 7004 & 5662 & 13,501 & 4835 \\1996 & 20,911 & 7035 & 5641 & 13,509 & 4808 \\\hline\end{array}$$
-Using just the wholesale trade failures and a smoothing constant $\mathrm { w } = 0.7$ , calculate the exponentially smoothed value for 1988.

• A) 1015.6
• B) 798.4
• C) 932.9
• D) 845

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