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he table below shows manufacturing hourly earnings for a egion over a period of 8 months. Use the Holt-Winters rocedure with smoothing constants a
he table below shows manufacturing hourly earnings for a egion over a period of 8 months. Use the Holt-Winters rocedure with smoothing constants a = 0.2 and = 0.6 to btain forecasts for the next 3 months. Month 1 2345678 Hourly Earnings 10.47 10.79 10.43 10.65 10.66 10.77 10.77 10.84 Find the forecasted values for the next three months. Complete the table below. Month 9 Hourly Earnings 10 11 (Round to two decimal places as needed.) IE
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