Question: Below you are given the first two values of a time series. You are also given the first two values of the exponential smoothing forecast.
Below you are given the first two values of a time series. You are also given the first two values of the exponential smoothing forecast.
| Time Period (t) | Time Series Value (Y t) | Exponential Smoothing Forecast (F t) |
| 1 | 26 | 26 |
| 2 | 22 | 26 |
If the smoothing constant equals .3, then the exponential smoothing forecast for time period three is
Group of answer choices
24.7
23.2
28.9
21.0
24.8
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