1. How would the forecast for week 25 of the previous
problem change if the initial forecast was 40 instead of 50? How would the
forecast for week 25 change if the forecast for week 1 were assumed to be 60?
2. Consulting income at Kate Walsh Associates for the period
FebruaryJuly has been as follows:
Use exponential smoothing to forecast Augusts income.
Assume that the initial forecast for February is $65,000. The smoothing
constantselected is a = 0.1.
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