Consulting income at Kaplan Associates for the period February - July has been as follows: Month

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.

Price: $2.99

Solution: The solution consists of 2 pages
Deliverables: Word Document