(c) Use a smoothing constant of a = 0.6 to compute the exponential smoothing forecasts. (Round your answers to two decimal places.) Time Series Value Yt Month t 1 2 3 4 5 6 7 8 9 10 11 12 105 135 120 105 90 120 145 140 100 80 100 110 Forecast Fr

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(c) Use a smoothing constant of a = 0.6 to compute the exponential smoothing forecasts. (Round your answers to two decimal places.)
Time Series Value
Yt
Month t
1
2
3
4
5
6
7
8
9
10
11
12
105
135
120
105
90
120
145
140
100
80
100
110
Forecast Ft
10000
Transcribed Image Text:(c) Use a smoothing constant of a = 0.6 to compute the exponential smoothing forecasts. (Round your answers to two decimal places.) Time Series Value Yt Month t 1 2 3 4 5 6 7 8 9 10 11 12 105 135 120 105 90 120 145 140 100 80 100 110 Forecast Ft 10000
(b) Use α = 0.4 to compute the exponential smoothing forecasts for the time series. (Round your answers to two decimal places.)
Month t
1
2
3
4
5
6
7
8
9
10
11
12
Time Series Value
Yt
105
135
120
105
90
120
145
140
100
80
100
110
Forecast Ft
[0000000]]]
Transcribed Image Text:(b) Use α = 0.4 to compute the exponential smoothing forecasts for the time series. (Round your answers to two decimal places.) Month t 1 2 3 4 5 6 7 8 9 10 11 12 Time Series Value Yt 105 135 120 105 90 120 145 140 100 80 100 110 Forecast Ft [0000000]]]
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