{"id":55223,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/the-gross-domestic-product-gdp-of-the-united-states-from-1993-to-2004-is-given-in-the-table-below-the-numbers-are-in-billions-of-u-s-dollars"},"modified":"2017-08-17T18:32:15","modified_gmt":"2017-08-17T18:32:15","slug":"the-gross-domestic-product-gdp-of-the-united-states-from-1993-to-2004-is-given-in-the-table-below-the-numbers-are-in-billions-of-u-s-dollars","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/the-gross-domestic-product-gdp-of-the-united-states-from-1993-to-2004-is-given-in-the-table-below-the-numbers-are-in-billions-of-u-s-dollars\/","title":{"rendered":"The gross domestic product (GDP) of the United States from 1993 to 2004 is given in the table below. The numbers are in billions of U.S. dollars."},"content":{"rendered":"<p>The gross domestic product (GDP) of the United States from 1993 to 2004 is given in the table below. The numbers are in billions of U.S. dollars.<br \/> Year GDP ($Billions)<br \/> 1993 6,657<br \/> 1994 7,072<br \/> 1995 7,398<br \/> 1996 7,817<br \/> 1997 8,304<br \/> 1998 8,747<br \/> 1999 9,268<br \/> 2000 9,817<br \/> 2001 10,128<br \/> 2002 10,487<br \/> 2003 11,004<br \/> 2004 11,680<br \/> a) Develop forecasts for the GDP of 2005 using exponential smoothing with smoothing constants of 0.4 and 0.6. (Assume the forecast is $6,650 for 1993)<br \/> b) Which of these models has the lowest mean absolute deviation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gross domestic product (GDP) of the United States from 1993 to 2004 is given in the table below. The numbers are in billions of U.S. dollars. Year GDP ($Billions) 1993 6,657 1994 7,072 1995 7,398 1996 7,817 1997 8,304 <a href=\"https:\/\/www.benedictsol.com\/blogs\/the-gross-domestic-product-gdp-of-the-united-states-from-1993-to-2004-is-given-in-the-table-below-the-numbers-are-in-billions-of-u-s-dollars\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-55223","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/55223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=55223"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/55223\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=55223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=55223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=55223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}