Question
In: Math
Income at the architectural firm Spraggins and Yunes for the period February to July was as...
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) |
90.090.0 |
91.591.5 |
96.096.0 |
85.485.4 |
92.292.2 |
96.096.0 |
Assume that the initial forecast for February is
85.085.0
(in $ thousands) and the initial trend adjustment is 0. The smoothing constants selected are
alphaα
=
0.10.1
and
betaβ
=
0.20.2.
Using trend-adjusted exponential smoothing, the forecast for the architectural firm's August income is
nothing
thousand dollars (round your response to two decimal places).
The mean squared error (MSE) for the forecast developed using trend-adjusted exponential smoothing is
nothing
(thousand
dollars right parenthesis squareddollars)2
(round your response to two decimal places).
Solutions
milcah answered 9 months agoRelated Solutions
Income at the architectural firm Spraggins and Yunes for the period February to July was as...
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
71.5
66.4
72.3
73.5
74
Assume that the initial forecast for February is 70 (in $
thousands) and the initial trend adjustment is 0. The smoothing
constants selected are alpha (α) = 0.1 and beta (β) = 0.3
1) Using trend-adjusted exponential smoothing, the forecast
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