Use EXS, with = 0.8, to forecast the revenue in Year 6. Use your calculator to

Use EXS, with α = 0.8, to forecast the revenue in Year 6. Use your calculator to forecast, and then use Excel to confirm the result. (Note that the Excel result is a little different from your hand calculation for the reason specified in the text, but they should be very close.) LO9

Transcribed Image Text:

Revenues of the Past Five Years Year 1 2 Revenues ($) 10 12 15 35 13 43 5 16