Question: 4.20 resolve problem 4.19 with alpha = 0.1 and beta = 0.8. using MSE, determine which smoothing constraint provides better forecast 4.19 income at the

4.20 resolve problem 4.19 with alpha = 0.1 and beta = 0.8. using MSE, determine which smoothing constraint provides better forecast

4.19 income at the low firm smith and jones for the period of february to july was as follows:

month february march april may june july
income(1000s) 70.0 68.5 64.8 71.7 71.3 72.8

assume that the initial forecast for februry is $65000.

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