Discuss the below:
Q: The following data show the number of issues from initial public offerings (IPOs) for a 13-year period released by the Securities Data Company. Use these data to Develop forecasts for the years 3 through 13 using exponential smoothing techniques With alpha values of .2 and .9. Let the forecast for year 2 be the value for year 1.Compare the results by examining the errors of the forecasts.
Year Loans (5 billions)
1 741.0
2 807.4
3 871.3
4 951.6
5 1,033.6
6 1,089.8
7 1,002.6
8 940.8
9 888.5