Exhibit 14-3 the Quarterly Numbers of Applications for Home Mortgage Loans at Loans

question 27

Essay

Exhibit 14-3
The quarterly numbers of applications for home mortgage loans at a branch office of a large bank are recorded in the table below.
-Refer to Exhibit 14-3. Obtain a simple exponential smoothing forecast again, this time optimizing the smoothing constant. Does it make much of an improvement?

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Definitions:

Pharynx

Structure below the mouth and nasal cavities that is an organ of the respiratory system as well as the digestive system.

Esophagus

The muscular tube that connects the throat to the stomach, through which food and liquid travel during swallowing.

Constipation

A condition characterized by infrequent bowel movements or difficulty passing stools.

Fiber

is a type of carbohydrate that the body can't digest, playing a crucial role in maintaining digestive health by promoting healthy bowel movements and reducing the risk of chronic diseases.