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Holt (or Two-Factor) Exponential Smoothing was run on ten periods of variable Y. Assume x = 0.50 and B = 0.90. The Megastat output is
Holt (or Two-Factor) Exponential Smoothing was run on ten periods of variable Y. Assume x = 0.50 and B = 0.90. The Megastat output is provided below: Two-factor Exponential Smoothing 1234567890 MZM 463 459 462 473 483 499 508 518 528 541 Alpha ..50 Smoothed 464 465 463 461 467 477 493 508 521 531 541 Beta 90 Trend Forecast 3* 1 -2 -1 4 10 15 15 13 10 10 467 466 461 460 471 487 508 523 534 541 551 % error -0.8 -1.6 0.3 27 2.5 2.4 0.1 -1.0 -1.1 -0.2 Using this, what is the forecast of Y when t = 12? Report a whole number as your answer.
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