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MONTH FEBRUARY MARCH APRIL MAY JUNE JULY Income 70.0 68.5 64.8 71.7 71.3 72.8 (in $ thousand)

MONTH FEBRUARY MARCH APRIL MAY JUNE JULY Income 70.0 68.5 64.8 71.7 71.3 72.8 (in $ thousand)

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Income at the architectural firm Spraggins and Yunes for the period February to July was as follows:                                                                                                                                                                   Use trend-adjusted exponential smoothing to forecast the firm's August income. Assume that the initial forecast average for February is $65,000 and the initial trend adjustment is 0. The smoothing constants selected are ex = .I and f3 = .2.
MONTH FEBRUARY MARCH APRIL MAY JUNE JULY Income 70.0 68.5 64.8 71.7 71.3 72.8 (in $ thousand)
Transcribed Image Text:MONTH FEBRUARY MARCH APRIL MAY JUNE JULY Income 70.0 68.5 64.8 71.7 71.3 72.8 (in $ thousand)
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