THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 101

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below is the data set of the number of preorders received for a particular game on a weekly basis.
The forecaster uses the Holt-Winters Exponential Smoothing for nonseasonal series to forecast the number of preorders in future time periods.
He uses α = 0.8 and β = 0.5.(Hint: Use the formula from the text to arrive at the answers. )

-The forecast for week 13 is approximately:

• A)696 units.
• B)767 units.
• C)805 units.
• D)966 units.

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Definitions:

Missing Value

A missing value refers to a data point that is absent in a dataset, often due to non-response or data collection issues, requiring special handling in data analysis.

Compounded Monthly

A financial calculation method where the interest earned on an investment is added to the principal each month, leading to increasing amounts of interest accrued over time.

Periodic Interest Rate

The interest rate applied to a financial product or loan over a specific period, less than a year, reflecting the frequency of compounding.

Missing Value

Refers to the absence of data in a dataset or a variable in an equation or formula.