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Consulting income at kate walsh associates for the period

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Consulting income at Kate Walsh Associates for the period February-July has been as follows:

MONTH INCOME ($1,000S)

February ...........................70.0

March ..............................68.5

April ................................64.8

May .................................71.7

June .................................71.3

July .................................72.8

Use exponential smoothing to forecast August's income. Assume that the initial forecast for February is $65,000. The smoothing constant selected is

Reference no: EM13576813

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