Question: Say you are using exponential smoothing on an annual time series concerning total revenues (in millions of constant 1995 dollars). If you are using a

Say you are using exponential smoothing on an annual time series concerning total revenues (in millions of constant 1995 dollars). If you are using a smoothing coefficient of = 0.20 and the exponentially smoothed value for 2006 is E2006 = (0.20)(12.1) + (0.80)(9.4) then what is the smoothed value of this series in 2006?

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