Determining the exponential smoothing model
Explain what would happen if the smoothing constant in an exponential smoothing model was equal to zero. Explain what would happen if the smoothing constant was equal to one.
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The 10 year survival rate for bladder cancer is approximately 50%. If 20 people who have bladder cancer are properly treated for the disease,what is the probability that:
Suppose A, B and C are independent events, with probabilities, P(A), P(B) and P(C). What are the probabilities that at least two of the three events occur, using set notation?
Financial Statement Case Details about a company's liabilities appear in a number of places in the annual report. Use the 2009 Amazon.com Financial Statements handout, including Notes 1 and 5, to answer the following questions.
What percentage of the workers receive wages between S13.75 and S16.22 an hour inclusive? The highest 5% of the employee hourly wages is greater than what; amount?
Find the value of the linear correlation coefficient r. X = 22.6, 36.6, 15.6, 35.0, 47.5
Compute the exponentially smoothed forecast of calls for each week. Assume an initial forecast of 50 calls in the first week and use ? = 0.1. What is the forecast for the 25th week?
Compare a three-month moving average forecast with an exponential smoothing forecast for a = 0.2. Which provides the better forecasts?
How would you set up the null and alternative hypothesis for a company hoping to support claims that its product (juice, supplement, etc.) could effectively lower cholesterol?
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