Reference no: EM131105018
If a particle is dropped at time t = 0, physical theory indicates that the relationship between the distance traveled r and the time elapsed t is r = gtk for some positive constants g and k. A transformation to linearity can be obtained by taking logarithms:
By letting y = log r, A = log g, and x = log t, this relation becomes y = A +kx. Due to random error in measurement, however, it can be stated only that E(Y|x) = A + kx. Assume that Y is normally distributed with mean A + kx and variance σ2. distance r is measured. He performs this experiment five times, obtaining the following data (where all logarithms are to base 10).
(a) Obtain least-squares estimates for k and log g, and forecast the distance traveled when log t = + 3.0.
(b) Starting with a forecast for log r when log t 0, use the exponential smoothing method with an initial estimate of log r = -3.95 and α = 0.1, that is,
to forecast each log r for all integer log t through log t = +3.0.
(c) Repeat part (b), except adjust the exponential smoothing method to incorporate a trend factor into the underlying model as described in Sec. 20.6. Use an initial estimate of trend equal to the slope found in part (a). Let ß = 0.1.
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