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Monthly Profit of an Auto Repair Shop Month Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Profit ($) 15,305 15,455 14,255 16,309 17,963 17,130

Monthly Profit of an Auto Repair Shop

Month

Jan-14

Feb-14

Mar-14

Apr-14

May-14

Jun-14

Jul-14

Aug-14

Sep-14

Profit ($)

15,305

15,455

14,255

16,309

17,963

17,130

19,149

18,380

20,157

Step 3 of 4 :

Determine the exponential smoothing forecast for the next time period using a smoothing constant of 0.40 . If necessary, round your answer to one decimal place.

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