Trend-adjusted exponential smoothing

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Reference no: EM131805557

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)	35.0	32.6	28.1	26.3	34.5	32.0

Assume that the initial forecast for February is 30 (in $? thousands) and the initial trend adjustment is 0. The smoothing constants selected are alphaa =0.1 and betaß =0.3. Using? trend-adjusted exponential? smoothing, the forecast for the architectural? firm's August income is 31.03 thousand dollars

The mean squared error? (MSE) for the forecast developed using? trend-adjusted exponential smoothing is________ (thousand dollars) sq

Reference no: EM131805557

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