The Following Table Includes the Information About a Monthly Time

question 13

Multiple Choice

The following table includes the information about a monthly time series. When the exponential smoothing method with α = 0.1 is applied,what is the MAD?

• A) 21.5
• B) 3.00
• C) 5.00
• D) 9.00

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Definitions:

Regression Analysis

A statistical method for estimating the relationships among variables, often used to predict the value of a dependent variable based on the values of one or more independent variables.

Unknown Value

A value in a dataset or an equation that is not known or has not been determined.

Statistical Method

A collection of mathematical procedures and principles used for analyzing, interpreting, and presenting empirical data.

Equation

A mathematical statement indicating that two expressions represent the same value.