1.Use exponential smoothing to fit the data. Select an appropriate constant based on the variation you see in the data. Comment on the appropriateness of exponential smoothing on this data set. Plot the predictions from this model on the graph with the original data. How well does this technique fit the data? Make forecasts for each month in 2020.

How do you effectively use 10 years of data when exponential smoothing only forecasts that next period, in this case January 2020?

The data provided is dimensionless (not \$SS). It represents a standard against a 2005 standard The data provided is dimensionless (not \$SS). It represents a standard against a 2005 standard