Income at the archtectural 5rm Spraggins and Yunes for the period February to Ju
ID: 3277760 • Letter: I
Question
Income at the archtectural 5rm Spraggins and Yunes for the period February to July was as follows Month June Income (S100 900 91.5 %,0 8,4 922 06,0 Assume that the initial forecast for February is 85 0 (in S thousands) and the initial trend adjustment is O. The smoothing constants selected are a orecast for the architectural f n's August income is thousand dollars round your re o seto ho demapacey 01 and p 03 Using trend-adusted exponential smoothing, the de e ed using trend a usted exponential smoothing is thousand squared dollars ound your response tot o d The mean squared error (MSE) for the forecast niplaces)Explanation / Answer
from above:
forecasr for August Income is 94.75
and MSE =26.44
month actual Ft Tt FITt (A-FITt)^2 february 90 85 0 85 25 march 91.5 86.50 0.45 86.95 20.70 april 96 88.32 0.86 89.17 46.59 may 85.4 91.22 1.47 92.70 53.23 june 92.2 90.51 0.82 91.32 0.77 july 96 91.59 0.90 92.48 12.37 august 93.54 1.21 94.75 total 158.66 MSE 26.44