Assignment:
Q1. The following data summarizes the historical demand for a product
Month Actual demand
March 20
April 25
May 40
June 35
July 30
August 45
Use exponential smoothing with and the smoothed forecast for July is 32 and determine August and September's smoothed forecasts.
Q2. Robert has the following accounts on money spent on gambling and winnings:
Money spent Money won
1000 2500
1200 4000
11800 4500
2000 4600
2500 5000
2800 4800
3500 5600
4000 6000
4200 5800
7000 X
Using linear regression, predict x.