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Time Period Price 2008 19 2009 14 2010 15 2011 22 2012 7 2013 19 2014 13 2015 21 2016 23 2017 20 2018 24

Time Period Price 2008 19 2009 14 2010 15 2011 22 2012 7 2013 19 2014 13 2015 21 2016 23 2017 20 2018 24 2019 25 Use simple exponential smoothing to determine a forecast for 2011, when a = 0.7. 15.50 15.15 14.95 14.50

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