The Willow River Mining Company mines

Question # 00613954 Posted By: rey_writer Updated on: 11/07/2017 03:39 AM Due on: 11/07/2017
Subject Statistics Topic Data Analysis Tutorials:
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Adjusted Exponential Smoothing Model

The Willow River Mining Company mines and ships coal. It has experienced the following demand for coal during the past eight years:

Year Coat Sales (tons)

1 4260

2 4510

3 4050

4 3720

5 3900

6 3470

7 2890

8 3100

Develop an adjusted exponential smoothing model (? = 0.30, ? = 0.20) and a linear trend line model, and compare the forecast accuracy of the two using MAD. Indicate which forecast seems to be most accurate.

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  1. Tutorial # 00612521 Posted By: rey_writer Posted on: 11/07/2017 03:40 AM
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