income at the law firm of Smith and Jones for the period February to July was as follows:

Month	February	March	April	May	June	July
Income (in $ thousand)	35.0	32.6	28.1	26.3	34.5	32.0

Part 2Assume that the initial forecast for February is

$30,000

and the initial trend adjustment is 0. The smoothing constants selected are

=0.1

and

=0.2.

Using trend-adjusted exponential smoothing, the forecast for the law firm's August

income=30.9930.99

thousand dollars (round your response to two decimal places).Part 3The mean squared error (MSE) for the forecast developed using trend-adjusted exponential

smoothing=enter your response here

(thousand

dollars)2

(round your response to two decimal places).