Question: Chapter 4, Question 19 (what is your forecast for March?): Income at the architectural firm Spraggins and Yunes for the period February to July was

Chapter 4, Question 19 (what is your forecast for March?): Income at the architectural firm Spraggins and Yunes for the period February to July was as follows: MAY JUNE JULY MONTH FEBRUARY MARCH APRIL Income (in $ 70.0 68.5 64.8 thousand) 71.7 71.3 72.8 Use trend-adjusted exponential smoothing to forecast the firm's August income. Assume that the initial forecast average for February is $65,000 and the initial trend adjustment is 0. The smoothing constants selected are alpha = .1 and beta = .2. O 65 O 68.60 O 68 O 65.6 65.5

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