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MrRissso [65]
3 years ago
8

A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data:Year Att

endance4 years ago 10,0003 years ago 12,0002 years ago 18,000Last year 20,000What is this year's forecast using exponential smoothing with alpha = .2, if last year's smoothed forecast was 15,000?A. 20,000 B. 19,000 C.17,500 D.16,000 E.15,000What is this year's forecast using the least squares trend line for these data?A. 20,000 B. 21,000 C. 22,000 D. 23,000 E. 24,000
Business
1 answer:
pishuonlain [190]3 years ago
3 0

Answer:

Answer: Option “ D” = 16000

Explanation:

Answer for the question:

A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data:Year Attendance4 years ago 10,0003 years ago 12,0002 years ago 18,000Last year 20,000What is this year's forecast using exponential smoothing with alpha = .2, if last year's smoothed forecast was 15,000?A. 20,000 B. 19,000 C.17,500 D.16,000 E.15,000What is this year's forecast using the least squares trend line for these data?A. 20,000 B. 21,000 C. 22,000 D. 23,000 E. 24,000

is explained in the attachment.

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7 0
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The Federal Reserve S role as a lender of last resort involves lending to which of the following financially troubled institutio
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5 0
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discuss the costs and benefits associated with statistical versus judgmental forecasts for labor supply. under what condition mi
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8 0
2 years ago
The following amounts were taken from the financial statements of Crane Company: 2017 2016 Total assets $790000 $900000 Net sale
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Answer: 8%

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