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: MONTH FEBRUARY MARCH APRIL MAY JUNE JULY Income 70.0 (in $ thousand) 68.5 64.8 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. 65 65.6 68 68.60 65.5

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