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The data below shows the historical share price of Top Glove Corporation Bhd (TPGC) for the past 10 months. Obtain a trend value for this
The data below shows the historical share price of Top Glove Corporation Bhd (TPGC) for the past 10 months. Obtain a trend value for this data using exponential smoothing with a smoothing constant of = 0.2. Hence, find the forecasted share price for the month of DEC 2020. (Please show all steps clearly and round the forecasted figure to 2 decimal places).
Forecast (a = 0.2) Forecast Error Month Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Price (RM) 1.88 2.15 2.42 4.43 5.37 8.63 8.76 8.30 8.57 7.12Step by Step Solution
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