Income at the architectural firm Spraggins and Yunes for the period February to July was as follows: June July Month Inc
Posted: Mon May 30, 2022 6:05 pm
Income at the architectural firm Spraggins and Yunes for the period February to July was as follows: June July Month Income ($000's) February 35.0 March April 32.6 May 26.3 28.1 34.5 32.0 Assume that the initial forecast for February is 30.0 (in $ thousands) and the initial trend adjustment is 0. The smoothing constants selected area = 0.2 and ß = 0.9. Using trend-adjusted exponential smoothing, the forecast for the law firm's August income is thousand dollars (round your response to two decimal places).