Quantitative methods Probabilities
An online sweepstakes has the following payoffs and probabilities. Each person is limited to one entry.
The probability of winning at least $1,000.00 is ________. [removed]
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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 α = .2 and the smoothed forecast for July is 32. Determine the smoothed forecast for August.
Daily highs in Sacramento for the past week (from least to most recent) were: 95, 102, 101, 96, 95, 90 and 92. Develop a forecast for today using a 2 day moving average.