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Use the Festival data set below, =0.4, and =0.2 to calculate the adjusted exponential smoothing forecast for the number of guests at the festival in
Use the Festival data set below, =0.4, and =0.2 to calculate the adjusted exponential smoothing forecast for the number of guests at the festival in 2022.
Assume the forecast component for year 2016 to be the actual value of year 2016 minus the initial trend. Let the initial trend be 110 guests.
Round your answer to two decimal places, if necessary. Year Number of Guests 2016 1165 2017 1257 2018 1824 2019 2231 2020 2370 2021 1192
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