For the following list of data (number of sold cars in every year ) , apply “exponential smoothing with trend” for all the years below. (i.e find the Forecast including trend) :---- case1 use : α= 0.01 and β = 0.3---- case2 use: for α= 0.1 and β = 0.05Calculate MAD for both cases Decide which case values are better and why?Assume trend is zero for the 2012 years. YearNumber of sold cars201211020131232014160201513320161512017175201818920192112020255 Based on least squared regression method find the projections for the years 2021, 2022, and 2023. Plot the number of sold cars versus years (points graph) and show the trend line based on your projections.

Note: Since the values of forecasts Ft and FITt are missing for initial period t=2012, we cannot…

Based on least squared regression method find the projections for the years 2021, 2022, and 2023. Plot the number of sold cars versus years (points graph) and show the trend line based on your projections.

Based on least squared regression method find the projections for the years 2021, 2022, and 2023. Plot the number of sold cars versus years (points graph) and show the trend line based on your projections.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section: Chapter Questions

Problem 28PT: For the following exercises, use Table 4 which shows the percent of unemployed persons 25 years or...

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Question

100%

For the following list of data (number of sold cars in every year ) , apply “exponential smoothing with trend” for all the years below. (i.e find the Forecast including trend) :

---- case1 use : α= 0.01 and β = 0.3

---- case2 use: for α= 0.1 and β = 0.05

Calculate MAD for both cases

Decide which case values are better and why?

Assume trend is zero for the 2012 years.

Year	Number of sold cars
2012	110
2013	123
2014	160
2015	133
2016	151
2017	175
2018	189
2019	211
2020	255

Based on least squared regression method find the projections for the years 2021, 2022, and 2023. Plot the number of sold cars versus years (points graph) and show the trend line based on your projections.

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