Question: (Using the same problem) Use exponential smoothing with an alpha of .3 to forecast the income for August. The initial forecast for January is 75.

(Using the same problem) Use exponential

(Using the same problem) Use exponential smoothing with an alpha of .3 to forecast the income for August. The initial forecast for January is 75. What is the forecast amount for August? Consulting income at Kate Walsh Associates for the period of January - July has been as follows: MONTH Error Error INCOME (1000s) Weighted Moving Average Exponential Smoothing Alpha 3 75.0 70.0 January February March April May June July August O A. 69.9204 68.5 64.8 76.2 71.3 72.8 78.8 O B. 73.4187 O C. 80.5 O D. 74.0187

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