Question
Consider the following data: Month Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Profit ($) 6,250 6,003 5,364 5,157 5,350 6,078 7,619 6,325 6,035
Consider the following data:
| Month | Jan-12 | Feb-12 | Mar-12 | Apr-12 | May-12 | Jun-12 | Jul-12 | Aug-12 | Sep-12 |
|---|---|---|---|---|---|---|---|---|---|
| Profit ($) | 6,250 | 6,003 | 5,364 | 5,157 | 5,350 | 6,078 | 7,619 | 6,325 | 6,035 |
Step3of5:
Determine the exponentially smoothed forecast for the next time period using a smoothing constant, , of 0.35.If necessary, round your answer to one decimal place.
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Business Communication Essentials a skill based approach
Authors: Courtland L. Bovee, John V. Thill
6th edition
978-0132971324
