Income at the architectural firm Spraggins and Yunes for the period February to July was as follows:MonthFebruaryMarchAprilMayJuneJulyIncome ($000's)35.032.628.126.334.532.0Assume that the initial forecast for February is 30.0 (in $ thousands) and the initial trend adjustment is 0. The smoothing constants selectedare a = 0.2 and B = 0.3. Using trend-adjusted exponential smoothing, the forecast for the architectural firm's August income isthousand%3Ddollars (round your response to two decimal places).

The mean square error is defined as the square of the difference between actual and estimated values…

Answered: Income at the architectural firm…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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