Parte II Forecasting 3. Consulting income at Kate Walsh Associates for the period February-July has been as follows: Month February March April May Income (1,000s) 70.0 68.5 64.8 71.7 71.3 72.8 June July Use exponential smoothing to forecast August's income. Assume that the initial forecast for February is $65,000. The smoothing constant selected is 0.1. Resolve with a smoothing constant of 0.3. Which smoothing constant provides a better forecast?