(Solved): Use the Lottery data set below, \( \alpha=0.4 \), and \( \rho=0.3 \) to calculate the adjusted expo ...
Use the Lottery data set below, \( \alpha=0.4 \), and \( \rho=0.3 \) to calculate the adjusted exponential smoothing forecast for the number of lottery vickets that will be sold in January 2021. Assume the forecast component for july to be the actual value of July minus the initial trend, tet the initial trend be 50 tickets. Round your answer to two decimal places, if necessary.