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Exponential Smoothing: August forecast income

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What is the August Forecast income? Assuming initail forecast for February is $65,000 and the smoothing constant is a=0.1.

Executive income:

February 70.0
March 68.5
April 64.8
MAy 71.7
June 71.3
July 72.8

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Solution Summary

Exponential smoothing for August forecast income is examined.

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What is the August Forecast income? Assuming initail forecast for February is $65,000 and the smoothing constant is a=0.1.

Executive income:
February 70.0
March 68.5
April 64.8 ...

Purchase this Solution
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