After plotting the following demand data, a manager has concluded that a trend-adjusted exponential smoothing model is appropriate to predict future demand. Period, tAt Actual12082219323242445258626872858296931310? Use periods 1 to 4 to estimate the initial smoothed average and trend. Use a = 0.6 and b = 0.5 to develop forecasts for periods 6 through 10. (Round your answers to 2 decimal places.)What is the forecast for period 10?(round the answer to 2 decimal places)

Given- α=0.6β=0.5 Month At (Actual) 1 208 2 219 3 232 4 244 5 258 6 268 7 285 8…

Answered: After plotting the following demand…

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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After plotting the following demand data, a manager has concluded that a trend-adjusted exponential smoothing model is appropriate to predict future demand.

Period, t	A_t Actual
1	208
2	219
3	232
4	244
5	258
6	268
7	285
8	296
9	313
10	?

Use periods 1 to 4 to estimate the initial smoothed average and trend. Use a = 0.6 and b = 0.5 to develop forecasts for periods 6 through 10. (Round your answers to 2 decimal places.)

What is the forecast for period 10?(round the answer to 2 decimal places)

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