Based on the Following Data,a Forecaster Used Simple Exponential Smoothing

question 61

Essay

Based on the following data,a forecaster used simple exponential smoothing and determined the following: S₀ = 19,S₁ = 18.6,S₂ = 19.08,S₃ = 19.064,S₄ = 19.851,and S₅ = 19.481.

---

Definitions:

Perform Operations

The process of carrying out mathematical computations such as addition, subtraction, multiplication, and division.

Simplify

Simplifying an expression to its most basic state.

Divide

The process of splitting a number into equal parts or groups, or finding how many times one number is contained within another.

Multiply

The arithmetic operation of scaling one number by another, essentially repeated addition.