A store has the following demand figures for the last four years: Year Demand 1 100 E 2 150 3 112 4 200 Given a demand forecast for year 2 of 100, a trend forecast for year 2 of 10, an alpha of 0.3, and a beta of 0.2, what is the demand forecast for year 3 using the exponential smoothing with trend method? 128 115 135 145
A store has the following demand figures for the last four years: Year Demand 1 100 E 2 150 3 112 4 200 Given a demand forecast for year 2 of 100, a trend forecast for year 2 of 10, an alpha of 0.3, and a beta of 0.2, what is the demand forecast for year 3 using the exponential smoothing with trend method? 128 115 135 145
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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![A store has the following demand figures for the last four years:
Year Demand
100
1
150
3
112
4 200
Given a demand forecast for year 2 of 100, a trend forecast for year 2 of 10, an alpha of 0.3, and a beta of 0.2, what is the demand forecast for year 3 using the exponential smoothing with trend method?
128
115
Ⓒ 135
Ⓒ 145](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F39d223ce-8c4a-480a-b315-93c373df78bd%2F881adda0-b3b7-4cee-b3cf-d6e61f02677e%2F13knhbc_processed.png&w=3840&q=75)
Transcribed Image Text:A store has the following demand figures for the last four years:
Year Demand
100
1
150
3
112
4 200
Given a demand forecast for year 2 of 100, a trend forecast for year 2 of 10, an alpha of 0.3, and a beta of 0.2, what is the demand forecast for year 3 using the exponential smoothing with trend method?
128
115
Ⓒ 135
Ⓒ 145
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