Question: For the data in the following table, compute the adjusted exponential smoothing forecast of the retail gasoline price using alpha = 0 . 5

For the data in the following table, compute the adjusted exponential smoothing forecast of the retail gasoline price using \alpha =0.5
and \beta =0.1
. Assume that the forecast component for the first period is the actual time series data and the initial trend is zero. Determine the MAPD and express it as a percentage. Round your answer to two decimal places.
Month-Year Gas Price
Nov-19 $2.693
Dec-19 $2.645
Jan-20 $2.636
Feb-20 $2.533
Mar-20 $2.329
Apr-20 $1.938
May-20 $1.961
Jun-20 $2.170
Jul-20 $2.272
Aug-20 $2.272

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