Instruction 14-15 the Number of Train Passengers Arriving in Adelaide on the on the Overland

question 57

Short Answer

Instruction 14-15
The number of train passengers arriving in Adelaide on the Overland on six successive Mondays were: 60, 72, 96, 84, 36 and 48.
-Referring to Instruction 14-15,the Holt-Winters method for forecasting with smoothing constant of 0.9 for both level and trend will be used to smooth the number of arrivals.The smoothed values of the level and trend for the sixth Monday are _______ and _______,respectively.

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Definitions:

Market for Euros

A foreign exchange market where Euros are traded against other currencies.

U.S. Dollar

The official currency of the United States, widely used as a benchmark in international trade and considered a key global reserve currency.

Flexible Exchange-Rate System

A currency valuation system where the value of a currency is allowed to fluctuate in response to foreign exchange market mechanisms.

Foreign-Exchange Reserves

Stockpiles of foreign currencies maintained by a nation’s central bank. Obtained when the central bank sells local currency in exchange for foreign currency in the foreign exchange market.