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Quarterly GDP values. The gross domestic product (GDP) is
Chapter 14, Problem 65SE(choose chapter or problem)
Quarterly GDP values. The gross domestic product (GDP) is the total U.S. output of goods and services valued at market prices. The quarterly GDP values (in billions of dollars)
Year |
Quarter |
Year |
Quarter |
GDP |
2007 |
1 |
|
3 |
13,921 |
|
2 |
|
4 |
14,087 |
|
3 |
2,010 |
1 |
14,278 |
|
4 |
|
2 |
14,468 |
2008 |
1 |
|
3 |
14,606 |
|
2 |
|
4 |
14,755 |
|
3 |
2,011 |
1 |
14,868 |
|
4 |
|
2 |
15,013 |
2009 |
1 |
|
3 |
15,176 |
|
2 |
|
4 |
15,319 |
for the period 2007–2011 are given in the accompanying table. Using weights w = .5 and n = .5, calculate Holt forecasts for the four quarters of 2012.
Questions & Answers
QUESTION:
Quarterly GDP values. The gross domestic product (GDP) is the total U.S. output of goods and services valued at market prices. The quarterly GDP values (in billions of dollars)
Year |
Quarter |
Year |
Quarter |
GDP |
2007 |
1 |
|
3 |
13,921 |
|
2 |
|
4 |
14,087 |
|
3 |
2,010 |
1 |
14,278 |
|
4 |
|
2 |
14,468 |
2008 |
1 |
|
3 |
14,606 |
|
2 |
|
4 |
14,755 |
|
3 |
2,011 |
1 |
14,868 |
|
4 |
|
2 |
15,013 |
2009 |
1 |
|
3 |
15,176 |
|
2 |
|
4 |
15,319 |
for the period 2007–2011 are given in the accompanying table. Using weights w = .5 and n = .5, calculate Holt forecasts for the four quarters of 2012.
ANSWER:Step 1 of 10
Forecast the four quarters of 2012 by using Holt’s model with and as shown below: