growing stlart-up apps CRIY. months of downloads. Use a forecast for the first month of 205,000, an initial trend forecast of 55,000, and smoothing parameters of 0.05 for both demand smoothing and trend smoothing. Month (t) Monthly Application Downloads Forecast for Next Month Trend 205,000.00| 55,000.00 1 220,000 250,070 3 341,000 4 370,000 445,000 509,000 (Round your answers to 2 decimal places.) Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double exponential smoothing. а. (Round your answers to 2 decimal places.) b Month 7's forecast is:
growing stlart-up apps CRIY. months of downloads. Use a forecast for the first month of 205,000, an initial trend forecast of 55,000, and smoothing parameters of 0.05 for both demand smoothing and trend smoothing. Month (t) Monthly Application Downloads Forecast for Next Month Trend 205,000.00| 55,000.00 1 220,000 250,070 3 341,000 4 370,000 445,000 509,000 (Round your answers to 2 decimal places.) Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double exponential smoothing. а. (Round your answers to 2 decimal places.) b Month 7's forecast is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:My App is a small but growing start-up that sees demand for several of its apps increasing quickly. The table below shows the last six
months of downloads. Use a forecast for the first month of 205,000, an initial trend forecast of 55,000, and smoothing parameters of
0.05 for both demand smoothing and trend smoothing.
Month (t) Monthly Application Downloads Forecast for Next Month
Trend
205,000.00
55,000.00
1
220,000
250,070
341,000
4
370,000
5
445,000
6
509,000
(Round your answers to 2 decimal places.)
Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double
exponential smoothing.
а.
(Round your answers to 2 decimal places.)
b.
Month 7's forecast is:
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