Local city government statistics show the rate of new driver’s license applications to be as follows: Month week Applications Weekly Forecast May 1 338     2 299     3 315     4 312   June 1 307     2 310     3 305     4     Assuming that the forecast for third week of May is the average of the license applications during the first two weeks of May, use an exponential smoothing constant of 0.3, find the forecast weekly new driver’s license applications through week 4 of June.

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
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Local city government statistics show the rate of new driver’s license applications to be as follows:

Month week Applications Weekly Forecast
May 1 338  
  2 299  
  3 315  
  4 312  
June 1 307  
  2 310  
  3 305  
  4    

Assuming that the forecast for third week of May is the average of the license applications during the first two weeks of May, use an exponential smoothing constant of 0.3, find the forecast weekly new driver’s license applications through week 4 of June.

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