Consider the Monthly Time Series Shown in the Table A Use the Values Of Shown

question 72

Essay

Consider the monthly time series shown in the table. $\begin{array}{l|c|c}\hline \text { Month } & \mathrm{t} & \mathrm{Y} \\\hline \text { January } & 1 & 185 \\\hline \text { February } & 2 & 192 \\\hline \text { March } & 3 & 189 \\\hline \text { April } & 4 & 201 \\\hline \text { May } & 5 & 195 \\\hline \text { June } & 6 & 199 \\\hline \text { July } & 7 & 206 \\\hline \text { August } & 8 & 203 \\\hline \text { September } & 9 & 208 \\\hline \text { October } & 10 & 209 \\\hline \text { November } & 11 & 218 \\\hline \text { December } & 12 & 216 \\\hline\end{array}$
a. Use the values of $Y$ in the table to forecast the values of $Y$ for the next two months, using simple exponential smoothing with $\mathrm { w } = 0.7$ .
b. Use the Holt model with $w = 0.7$ and $v = 0.7$ to forecast the values of $Y$ for the next two months.

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Definitions:

Medical Wishes

An individual's preferences concerning medical treatment and interventions, often expressed in advance directives.

Lifesaving Measures

Emergency procedures or actions taken to prevent someone from dying, often applied in medical emergencies.

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A legal document that grants an agent the authority to make healthcare decisions on behalf of the principal if they become incapacitated.

Health Care Decisions

Choices made by individuals or their designated proxies regarding medical treatments and interventions, often based on personal values and health conditions.