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 200000, an initial trend forecast of 50000, and smoothing parameters of 0.25 for both demand smoothing and trend smoothing. a. b. Month (t) 1 2 3 4 5 6 Monthly Application Downloads 245,000 250,100 328,000 440,000 420,000 484,000 Forecast for Next Month (Round your answer to 2 decimal places.) Month 7's forecast is: 200,000.00 211,250.00 285,650.00 323,913.00 Trend 50,000.00 48,750.00 X 36,900.00 X 38,263.00 57,719.00 X 38,163.00 434,513.00 52,881.00 486,545.00 52,033.00 (Round your answer to 2 decimal places.) Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double exponential smoothing. 403,933.59 X
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 200000, an initial trend forecast of 50000, and smoothing parameters of 0.25 for both demand smoothing and trend smoothing. a. b. Month (t) 1 2 3 4 5 6 Monthly Application Downloads 245,000 250,100 328,000 440,000 420,000 484,000 Forecast for Next Month (Round your answer to 2 decimal places.) Month 7's forecast is: 200,000.00 211,250.00 285,650.00 323,913.00 Trend 50,000.00 48,750.00 X 36,900.00 X 38,263.00 57,719.00 X 38,163.00 434,513.00 52,881.00 486,545.00 52,033.00 (Round your answer to 2 decimal places.) Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double exponential smoothing. 403,933.59 X
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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