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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