Income at the architectural firm Spraggins and Yunes for the period February to July was as follows:
Question:
Income at the architectural firm Spraggins and Yunes for the period February to July was as follows:
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 adjustment is 0. The smoothing constants selected are a = .1 and b =.2.
Transcribed Image Text:
MONTH | Income FEBRUARY | MARCH | APRIL | MAY | JUNE | JULY 68.5 64.8 1.7 71.3 72.8 (In S thousa0.0
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