Question: Income at the law firm Smith and Wesson for the

Income at the law firm Smith and Wesson for the period February to July was as follows:


Use trend-adjusted exponential smoothing to forecast the law firm’s August income. Assume that the initial forecast for February is $65,000 and the initial trend adjustment is 0. The smoothing constants selected are α = .1 and β =.2.
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  • CreatedJuly 15, 2013
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