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

question 32

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 value for the 12ᵗʰ 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?

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Definitions:

Special Project

A designated set of tasks or activities aimed at achieving a specific goal or outcome, often outside of routine operations.

Relevant Cost

refers to the costs that will be affected by a decision in the future and, thus, should be considered in decision-making processes.

Discounted Price

A reduced price offered on goods or services, usually for a limited time or under certain conditions.

Joint Product

Products that are generated simultaneously during the same manufacturing process but are of equal importance and value.