Assume that the initial forecast

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Reference no: EM131636978

Income at the architectural firm Spraggins and Yunes for the period February to July was as? follows:

Month February March April May June July

Income ($000's) 75.0 71.5 66.4 72.3 73.5 74.0

Assume that the initial forecast for February is 70.0 ?(in $? thousands) and the initial trend adjustment is 0. The smoothing constants selected are (α) ?= 0.2 and (β) ?=0.3.Using? trend-adjusted exponential? smoothing, the forecast for the architectural? firm's August income is ___ thousand dollars ?(round your response to two decimal? places).

Reference no: EM131636978

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