TABLE 16-13 Given Below Is the Monthly Time-Series Data for U.S. Retail

question 94

Short Answer

TABLE 16-13
Given below is the monthly time-series data for U.S. retail sales of building materials over a specific year.

The results of the linear trend, quadratic trend, exponential trend, first-order autoregressive, second-order autoregressive and third-order autoregressive model are presented below in which the coded month for the first month is 0:




-Referring to Table 16-13, what is the exponentially smoothed forecast for the 13ᵗʰ month using a smoothing coefficient of W = 0.5 if the exponentially smooth value for the 10ᵗʰ and 11ᵗʰ month are 9,746.3672 and 9,480.1836, respectively?

---

Definitions:

Gear Icon

A graphical representation commonly used to symbolize settings or options in a software application.

Add New

A command or option in software applications for creating a new file, record, account, or other items.

Allowance Method

A financial approach used to anticipate and adjust for potential credit losses in accounts receivable.

Uncollectible Accounts Expense

An expense recorded by businesses to account for receivables that are considered irrecoverable, indicating customers are unlikely to pay their debts.