Consider annual corporate taxes reported by the California Franchise Tax Board from 1950 to 2015 (file Ca_Income_Loss_Tax_Assessed;

Question:

Consider annual corporate taxes reported by the California Franchise Tax Board from 1950 to 2015 (file “Ca_Income_Loss_Tax_Assessed”; variable Tax Assessed on Net Income.).
a) Using statistical software, create a simple exponential smoothing chart.
b) Do you think simple exponential smoothing would provide reliable forecasts for this data?

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