Question: You are using exponential smoothing on an annual time series concerning total revenues (in millions of constant 1995 dollars). If you use a smoothing coefficient

You are using exponential smoothing on an annual time series concerning total revenues (in millions of constant 1995 dollars).

If you use a smoothing coefficient of W 5 0.20 and the exponentially smoothed value for 2006 is E2006 5 (0.20)(12.1)

+ (0.80)(9.4):

a. What is the smoothed value of this series in 2006?

b. What is the smoothed value of this series in 2007 if the value of the series in that year is 11.5 millions of constant 1995 dollars?

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