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Income at the architectural firm Spraggins and Yunes for the period February to July was as?...

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Question

Basic Math

Income at the architectural firm Spraggins and Yunes for theperiod February to July was as? follows:

?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????  

Month

February

March

April

May

June

July

Income? ($000's)

90.090.0

91.591.5

96.096.0

85.485.4

92.292.2

96.096.0

Assume that the initial forecast for February is

85.085.0

?(in $? thousands) and the initial trend adjustment is 0. Thesmoothing constants selected are

alpha?

?=

0.10.1

and

beta?

?=

0.20.2.

Using? trend-adjusted exponential? smoothing, the forecast forthe architectural? firm's August income is

nothing

thousand dollars ?(round your response to two decimal?places).

The mean squared error? (MSE) for the forecast developed using?trend-adjusted exponential smoothing is

nothing

?(thousand

dollars right parenthesis squareddollars)2

?(round your response to two decimal? places).

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