Consulting income at Kate Walsh Associates for the period FebruaryJuly has been as follows: MONTH INCOME ($1,000S)
Question:
MONTH INCOME ($1,000S)
February ......... 70.0
March .......... 68.5
April ............ 64.8
May ........... 71.7
June ........... 71.3
July ........... 72.8
Use exponential smoothing to forecast August’s income. Assume that the initial forecast for February is $65,000. The smoothing constant selected is
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Exponential smoothing with a 01 Month Income Forecast Error Feb 700 650 Marc...View the full answer
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Related Book For
Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
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