Given the time series in given exercise and using, Ask an Expert

Management Studies

Given the time series in given Exercise, and using exponential smoothing with α = 0.7, what would have been the forecast for 2001?

Exercise
Fit a linear trend equation to the following data describing the number of active U.S. military personnel from 1994 through 2000. What is the trend estimate for 2010?

Year	Military Personnel (millions)
1994	1.61
1995	1.52
1996	1.47
1997	1.44
1998	1.41
1999	1.38
2000	1.37

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