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, D5 = 90. Then the estimated level for week 5 will be L5= . (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, D5 = 90. Then the estimated level for week 5 will be L5= . (Round your answer to two decimal places.)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...

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