Which smoothing constant provide a better forecast

Reference no: EM131929938

Question: Rental income at the Walsh Real Estate Company for the period February-July has been as follows:

(a) Use exponential smoothing with a = 0.2 and 0.4 to forecast August's income. Assume that the initial forecast for February is $78,000.

(b) Which smoothing constant provide a better forecast? Justify your answer.

Reference no: EM131929938

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