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?

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist known for founding psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Impulsively

Acting or done without forethought, driven by sudden desires or inclinations.

Id

In psychoanalytic theory, the part of the mind in which innate instinctive impulses and primary processes are manifest.

Superego

In psychoanalytic theory, the part of a person's mind that acts as a self-critical conscience, reflecting social standards learned from parents and environment.