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Use for the following 3 questions: City of Bridgeport, Connecticut, is attempting to forecast revenues coming from traffic citations. The data for the last 8
Use for the following questions:
City of Bridgeport, Connecticut, is attempting to forecast revenues coming from traffic citations. The data for the last months are provided below.
Forecast the number of traffic citations for Period utilizing an exponential smoothing model with an alpha equal to Assume a firstmonth forecast equal to the actual value for month and round answer to nearest decimal Determine the mean absolute deviation for the exponential smoothing model for months Assume a firstmonth forecast equal to the actual value for month and round answer to nearest one decimal.
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