Time Periods
the Following Are the Values of a Time $$\begin{array} { | c | c c c c | } \hline \boldsymbol { t } & 1 & 2 & 3 & 4 \\\hline y _ { t } & 23 & 25 & 28 & 24 \\\hline\end{array}$$

question 41

Short Answer

Time periods
The following are the values of a time series for the first four time periods: $$\begin{array} { | c | c c c c | } \hline \boldsymbol { t } & 1 & 2 & 3 & 4 \\\hline y _ { t } & 23 & 25 & 28 & 24 \\\hline\end{array}$$
-Using exponential smoothing,with $\alpha$ = 0.30,what is the forecasted value for time period 5?

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Definitions:

Decay

The gradual reduction in the strength, quality, or quantity of something over time.

Peg Method

A mnemonic technique that involves associating items to be remembered with a list of peg words you have memorized in advance.

Method of Loci

A mnemonic strategy that involves visualizing items to be remembered in specific physical locations.

Forgetting Curve

The graphic pattern representing the relationship between measures of learning and the length of the retention interval: As the retention interval gets longer, memory decreases.