A Time Series Is Shown Below

question 48

Multiple Choice

A time series is shown below. Perform single exponential smoothing for this data set using α = 0.2 What is the value of the forecast for period 6?

• A) 40
• B) 36
• C) 31.5
• D) 33.2

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Definitions:

Insulin-Dependent Diabetes

A chronic condition where the pancreas produces little or no insulin, requiring the person to administer insulin through injections or a pump; also known as Type 1 diabetes.

Poisson Distribution

A probability distribution that models the number of times an event occurs within a fixed interval of time or space.

Incidence

The frequency or rate at which new cases of a particular condition occur in a specified population over a given period of time.

Chronic Disorder

A long-lasting condition that can be controlled but not cured, often requiring ongoing management and treatment.