Consider the Monthly Time Series Shown in the Table A Use the Values Of Shown

Essay

Consider the monthly time series shown in the table. $\begin{array}{l|c|c}\hline \text { Month } & \mathrm{t} & \mathrm{Y} \\\hline \text { January } & 1 & 185 \\\hline \text { February } & 2 & 192 \\\hline \text { March } & 3 & 189 \\\hline \text { April } & 4 & 201 \\\hline \text { May } & 5 & 195 \\\hline \text { June } & 6 & 199 \\\hline \text { July } & 7 & 206 \\\hline \text { August } & 8 & 203 \\\hline \text { September } & 9 & 208 \\\hline \text { October } & 10 & 209 \\\hline \text { November } & 11 & 218 \\\hline \text { December } & 12 & 216 \\\hline\end{array}$
a. Use the values of $Y$ in the table to forecast the values of $Y$ for the next two months, using simple exponential smoothing with $\mathrm { w } = 0.7$ .
b. Use the Holt model with $w = 0.7$ and $v = 0.7$ to forecast the values of $Y$ for the next two months.