Question: please do in excel 3. The US monthly inflation rate for 2016 is shown below: Month January February March April May June Inflation 1.4 1.0
please do in excel
3. The US monthly inflation rate for 2016 is shown below: Month January February March April May June Inflation 1.4 1.0 0.9 Month July August September October November December Inflation 0.8 1.1 1.5 1.6 1.7 2.1 1.0 1.0 Compute the inflation rate for January 2017 using the exponential smoothing forecast using a = 0.3 and 0.5. Assume that the forecast for February is 1
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