Use exponential smoothing with a 02 and 04 to forecast, Basic Statistics

Use exponential smoothing with a 02 and 04 to forecast

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.

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Basic Statistics: Use exponential smoothing with a 02 and 04 to forecast

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Basic Statistics: Use exponential smoothing with a 02 and 04 to forecast

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