Question: its a question from materials management. please help to find the answer..thank you.. Month Income (in $ thousand) February 75.0 March 71.5 April 66.4 May

its a question from materials management. please help to find the answer..thank you..
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 area=0.1 and B=0.2. Using trend-adjusted exponential smoothing, the forecast for the law firm's August income = thousand dollars (round your response to two decimal places). The mean squared error (MSE) for the forecast developed using trend-adjusted exponential smoothing - (thousand dollars)2 (round your response to two decimal places). Enter your answer in each of the answer boxesStep by Step Solution
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