Essay
Use this information to answer the following questions.
The following data,provided by the U.S.Bureau of Citizenship and Immigration Services,represent the number of immigrants admitted to the United States,in thousands,from 1990-2001.
-Refer to the table above.
a.Use exponential smoothing with a smoothing constant of 0.3 to forecast the number of immigrants in 2002.
b.Use exponential smoothing with a smoothing constant of 0.6 to forecast number of immigrants in 2002.
c.Which of the two methods provides a more accurate forecast based on the MAD criterion?
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