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Need correct answer. I will rate accordingly with multiple votes. Ty-ped answer only...,.,.,.,. Income at the architectural firm Spraggins and Yunes for the period February
Need correct answer. I will rate accordingly with multiple votes. Ty-ped answer only...,.,.,.,.
Income at the architectural firm Spraggins and Yunes for the period February to July was as follows: Month February March April May June July Income ($000's) 90.0 91.5 96.0 85.4 92.2 96.0 Assume that the initial forecast for February is 85.0 (in $ thousands) and the initial trend adjustment is 0. The smoothing constants selected are o = 0.2 and p = 0.2. Using trend-adjusted exponential smoothing, the forecast for the architectural firm's August income is 92.73 thousand dollars (round your response to two decimal places). The mean squared error (MSE) for the forecast developed using trend-adjusted exponential smoothing is (thousand dollars)" (round your response to two decimal places)Step by Step Solution
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