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Index of Housing Starts in the United States:

(a) Forecast the index of housing starts in the United States in 1998 by exponential smoothing with w = 0.3, and w = 0.7. (b) Which of these forecasts gives a better forecast for 1998? Which gives a better forecast on the average?
Index of Housing Starts in the United States: 1986 to 1997 (with 1985 = 100) 1986 1987 1988 1989 1990 1991 116 122 121 121 111 97 1992 1993 1994 1995 1996 1997 113 125 146 142 156 162
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Economics-8100621.xls

(a) Forecast the index of housing starts in the United States in 1998 by exponential smoothing with w = 0.3, and w = 0.7. (b)
Which of these forecasts gives a better forecast for 1998? Which gives...

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