Forecast the 2012 hourly wages using exponential smoothing with a = 0.4.
Refer to the following data set for hourly wages for housekeeping staff in Hospital XYZ. 2004 $9.20 2008 $11.18 2005 $10.14 2009 $11.43 2006 $10.40 2010 $12.03 2007 $11.12 2011 $12.09 a. Forecast the 2012 hourly wages using exponential smoothing…