Use This Information to Answer the Following Questions -Refer to the Table Above

question 19

Essay

Use this information to answer the following questions.
The following data,provided by the U.S.Bureau of Citizenship and Immigration Services,represent the number of immigrants admitted to the United States,in thousands,from 1990-2001.
$$\begin{array} { | c | c | } \hline \text { Year } & \begin{array} { c } \text { No. of Immigrants } \\\text { (in 000s) }\end{array} \\\hline 1990 & 1536 \\\hline 1991 & 1827 \\\hline 1992 & 974 \\\hline 1993 & 904 \\\hline 1994 & 804 \\\hline 1995 & 720 \\\hline 1996 & 916 \\\hline 1997 & 798 \\\hline 1998 & 654 \\\hline 1999 & 647 \\\hline 2000 & 850 \\\hline 2001 & 1064 \\\hline\end{array}$$
-Refer to the table above.Use a 3-period weighted moving average to forecast the number of immigrants in 2002.Use Solver to determine the optimal weights based on minimizing the MAD criterion.

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Definitions:

Population

The entire group of individuals or instances about whom the research may provide conclusions.

Group

A collection of individuals assembled for the purpose of conducting a study or observed in research, characterized by shared traits or conditions.

Null Hypothesis

A default hypothesis that there is no effect or no difference, and any observed difference is due to sampling or experimental error.

Sample Statistic

A numerical measure computed from a sample of data, used to estimate population parameters.