What deficit would have been forecast for 2005

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The U.S. trade deficit with Canada (billions of dollars) from 1997 through 2004 is reported as shown in the table.

Using exponential smoothing and the smoothing constant α = 0.7, what deficit would have been forecast for 2005?

Year:

1997

1998

1999

2000

2001

2002

2003

2004

Deficit:

$15.5

16.6

32.1

51.9

52.8

48.2

51.7

66.5

Reference no: EM131409667

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