Question: 4 1 . Using the data for in the table paT, calculate the simple exponential smoothing forecast with 0 = 0 . 6 0 for

41. Using the data for in the table paT, calculate the simple exponential smoothing forecast with 0=0.60 for monthly income for next February. Theapproximate numerical value of the forecast (in units of $K, rounded to two [2] decimal places) is:Monthly income in thousands of dollars ($K) at the Acme Law Firm for the 13-month period from January this year to January next year is listed in the table below. (For parts 39 to 47, download the Excel file "Exam 2 time series data" in the "Exam 2 Excel forecasting file" link in the "Assessments" in the Navigation bar of the Bb course website. Save your completed Excel file containing your calculations for parts 39 to 47 for later uploading to Bb.)
\table[[Month,Income ($K)],[Jan,51.8],[Feb,55.5],[Mar,54.7],[Apr,57.1],[May,50.6],[Jun,68.2],[Jul,66.4],[Aug,59.3],[Sep,67.2],[Oct,69.8],[Nov,77.6],[Dec,74.4],[Jan,75.5]]
 41. Using the data for in the table paT, calculate the

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