Hi, I need help solving for the six missing values. Thank you. A large Portland manufacturer wants to forecast demand for a piece of pollution-control equipment. Areview of past sales (A₁), as shown below, indicates that an increasing trend is present. Smoothingconstants are assigned the values of α = 0.20 and ß = 0.4. The firm assumes the initial forecast formonth 1 (F₁) was 9.00 units and the trend over that period T₁ was 2.00 units.Using trend-adjusted exponential smoothing, Forecasts (F₂), Trend (7+), and Forecasts IncludingTrend (FIT+) for months 1 through 4 have already been developed and are provided below. Continuewith the process and determine F₁, T₁, and FIT, for months 5 and 6 (round your responses to twodecimal places):Month Actual Demand(t)1234245678910(A₂)10.016.023.020.025.023.030.026.038.0Forecast(F₂)9.0010.8013.3817.05Trend(Tt)2.001.922.182.78Forecast IncludingTrend (FIT₂)11.0012.7215.5619.83I

Forecasting is the process of making projections or calculations about future events as on past…

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Business

Operations Management

Hi, I need help solving for the six missing values. Thank you.

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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