A diary product manufacturing company uses simple exponential smoothing with trend to forecast monthly sales of its product P1. At the end of November, thecompany wants to forecast sales for December. The trend through October has been 11 additional boxes of P1 sold per month. Average sales have been 58boxes of P1 per month. The demand for November was 69 boxes of P1. The company uses a = 0.15 and B 0.20.%3Da)Find a forecast including trend for the month of December.b)If the demand for December was 71 boxes of P1, find forecast including trend for the month of January next year.

Given data is Alpha = 0.15 Beta = 0.20

Answered: A diary product manufacturing company…

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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