A company uses Holt’s model to forecast weekly sales of its product which show a trend pattern. The company uses a smoothing constant for the level of 0.2 and a smoothing constant for the trend of 0.1. It is known that L4 = 85, T4 = 20, L5=108, D5 = 120. Then the estimated trend for week 5 will be T5= . (Round your answer to two decimal places.)
A company uses Holt’s model to forecast weekly sales of its product which show a trend pattern. The company uses a smoothing constant for the level of 0.2 and a smoothing constant for the trend of 0.1. It is known that L4 = 85, T4 = 20, L5=108, D5 = 120. Then the estimated trend for week 5 will be T5= . (Round your answer to two decimal places.)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A company uses Holt’s model to forecast weekly sales of its product which show a trend pattern. The company uses a smoothing constant for the level of 0.2 and a smoothing constant for the trend of 0.1. It is known that L4 = 85, T4 = 20, L5=108, D5 = 120. Then the estimated trend for week 5 will be T5= . (Round your answer to two decimal places.)
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