1) Consulting income at Kate Walsh Associates for the period February-July has been as follows, Use exponential smoothing to forecast April's income. Assume that the initial forecast for February is S65,000. The smoothing constant selected is a -0.1.v MONTH INCOME ($1,000s) February 70.0 March 68.5 April 64.8 May 71.7 June 71.3 July 72.8 Exponential smoothing with o- 0.1 Month Income (Actual) 70.0 68.5 64.8 Forecast 65.0 March April- 1) Consulting income at Kate Walsh Associates for the period February-July has been as follows, Use exponential smoothing to forecast April's income. Assume that the initial forecast for February is S65,000. The smoothing constant selected is a -0.1.v MONTH INCOME ($1,000s) February 70.0 March 68.5 April 64.8 May 71.7 June 71.3 July 72.8 Exponential smoothing with o- 0.1 Month Income (Actual) 70.0 68.5 64.8 Forecast 65.0 March April