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Use exponential smoothing to find the monthly forecasting for the number of unemployed people (find the forecasts: for months 2 and 3. Note: The

Use exponential smoothing to find the monthly forecasting for the number of unemployed people (find the forecasts: for months 2 and 3. Note: The forecast for month 1 is given): Month | number of unemployed | FORECAST USING a 0.31 FORCAST USING = 0.1 1 520 2 630 3 750 550 ? ? Find out which a value is better for this forecasting? why? 1 790 ? ?

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