[All Steps] Consulting income at Kaplan Associates for the period February - July has been as follows: Month Income ($1,000) .1 February 70.0 65,000 March
Question: Consulting income at Kaplan Associates for the period February – July has been as follows:
| Month | Income ($1,000) | .1 |
| February | 70.0 | 65,000 |
| March | 68.5 | |
| April | 64.8 | |
| May | 71.7 | |
| June | 71.3 | |
| July | 72.8 | |
| August |
Use Exponential smoothing to forecast August income. Assume that the initial forecast for February is $65,000. The smoothing constant should be α = 0.1.
Deliverable: Word Document 
(See) Morgan Machines specializes in developing weed-harvesting
![[All Steps] Small boxes of NutraFlakes cereal](/images/solutions/MC-solution-library-63656.jpg "[All Steps] Small boxes of NutraFlakes cereal are labeled")
[All Steps] Small boxes of NutraFlakes cereal are labeled "net weight
Solution: The road system around the hotel complex in Tuscaloosa,
(See Solution) Data collected on the yearly demand for 50-pound bags
Solution: Use simple exponential smoothing with α =0.3 to forecast
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