Consider the following data:Monthly Profit of an Auto Repair Shop Month Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Profit ($) 17,527 17,677 16,455 18,642 20,163 17,350 19,127 18,622 20,422   Step 3 of 4 :   Determine the exponential smoothing forecast for the next time period using a smoothing constant of 0.35. If necessary, round your answer to one decimal place.   I have been stuck on this for 2 days now. I do not understand exponential smoothing forecast at all and the textbook is not helpful. I have tried looking at the textbook, using the step-by-step learning tools, and youtube videos and it still isn't helping.

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