Assume that the initial forecast for February is $85,000 and the initial trend adjustment is 0. The smoothing constants selected are a = 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). %3D

Assume that the initial forecast for February is $85,000 and the initial trend adjustment is 0. The smoothing constants selected are a = 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). %3D

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 25P: The file P13_25.xlsx contains the quarterly numbers of applications for home mortgage loans at a...

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