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Business, 23.09.2019 22:10 jbot9050

Income at the architectural firm spraggings and yunes for the period february to july was as follows: month february march april may june july income (in $ thousand) 70.0 68.5 64.8 71.7 71.3 72.8 use trend-adjusted exponential smoothing to forecast the firm’s august income. assume that the initial forecast average for february is $65,000 and the initial trend is 0. solve the problem with a) = 0.1 = 0.2. b) = 0.1 = 0.8. determine which smoothing constant provides a better forecast using mse.

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Income at the architectural firm spraggings and yunes for the period february to july was as follows...
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