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 Month February March April May June July Income (in $ thousand) Part 2 Assume that the initial forecast for February is $,000 and the initial trend adjustment is 0. The smoothing constants selected are and . Using trend-adjusted exponential smoothing, the forecast for the law firm's August income enter your response here thousand dollars (round your response to two decimal places).

Income at the law firm of 5 mith and Jones for the period February to July was an follows. the forecast for the law frmis August incocen = thousand dollars (round your response to fwo decimal placent