Consider the Following Time Series Data

question 18

Essay

Consider the following time series data:
a. Use α = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for year 11.
b. Use trial and error to find a value of the exponential smoothing coefficient α that results in a smaller MSE than what you calculated for α = 0.2.
c. Compute the forecast for year 11 using the smoothing coefficient α selected using trial error.

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Definitions:

African Masonic Lodge

Fraternal organizations within the African American community, providing social networking, community service, and sometimes acting as a forum for political organizing.

African Methodist Episcopal Church

A historic black church established in the United States, part of the larger Methodist Episcopal tradition.

Segregated Seating Policy

A discriminatory practice of separating people in public places based on race, often found in theaters, transportation, and schools, mainly prior to the civil rights movements.

Urbanized Group

A population living in areas characterized by high human settlement density and infrastructure of built environment.