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

question 43

Essay

Use this information to answer the following questions.
The following time series represent the total population of the United States,in thousands,over the last 12 years.
$$\begin{array} { | c | c | } \hline \text { Year } & \text { Population (in 000s) } \\\hline 1991 & 253,493 \\\hline 1992 & 256,894 \\\hline 1993 & 260,255 \\\hline 1994 & 263,436 \\\hline 1995 & 266,557 \\\hline 1996 & 269,667 \\\hline 1997 & 272,912 \\\hline 1998 & 276,115 \\\hline 1999 & 279,295 \\\hline 2000 & 282,434 \\\hline 2001 & 285,545 \\\hline 2002 & 288,600 \\\hline\end{array}$$
-Refer to the table above.Using Solver to find the optimal alpha that minimizes MAD,use exponential smoothing to forecast the population of the United States in 2003.

---

Definitions:

Cognitive-behavioral View

A psychological approach that emphasizes how our thoughts and behaviors influence our feelings and how cognitive restructuring can alleviate psychological distress.

Rational Path

A logically constructed route or method for solving a problem or reaching a goal.

Unusual Sensations

Experiences that deviate from the norm, such as tingling, or auditory and visual phenomena, not typically encountered by most individuals.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, emphasizing the idea that behaviors are influenced by their consequences.