Exhibit 11.16
The following questions use the data below.
The owner of Tim's Toys wants to predict monthly sales. He has collected data for 12 months. He needs your help in analyzing this data using exponential smoothing. 
-Refer to Exhibit 11.16. What formulas should go in cells C3:C16 of the spreadsheet if Bill uses an exponential smoothing forecasting model?
Definitions:
Industrialized Nations
Countries with developed economies characterized by significant levels of industrial output and infrastructure.
Canada
A country in North America, known for its vast landscapes, multicultural cities, and strong economy.
Green Shoe Option
A provision in an IPO that allows underwriters to buy and sell additional shares than originally planned, helping to stabilize the share price after the market launch.
Secondary Equity Offering
An issuance of new stock shares by a company after the initial public offering to raise additional capital.
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