Question: Below you are given the first two values of a time series. Time Period (t) 1 Time Series Value (Y t) 9 2 3 9

Below you are given the first two values of a time series.

Time Period (t)

1

Time Series Value (Y t)

9

2

3

9

18

If the smoothing constant equals 0.6, then the exponential smoothing forecast for time period four is

If needed round your intermediate calculations to no more than 3 decimal places.

Round your final answer to two decimal places

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