Question: Homework: Assignment #1 [Part I] Question 56, Problem 4.19 (similar to) Part 1 of 2 HW Score: 83%, 83 of 100 points O Points: 0

Homework: Assignment #1 [Part I] Question 56,

Homework: Assignment #1 [Part I] Question 56, Problem 4.19 (similar to) Part 1 of 2 HW Score: 83%, 83 of 100 points O Points: 0 of 2 Save Income at the law firm of Smith and Jones for the period February to July was as follows: Month Income (in $ thousand) February 75.0 March 71.5 April 66.4 May 72.3 June 73.5 July 74.0 Assume that the initial forecast for February is $70,000 and the initial trend adjustment is 0. The smoothing constants selected are a = 0.2 and p = 0.3. Using trend-adjusted exponential smoothing, the forecast for the law firm's August income = thousand dollars (round your response to two decimal places)

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