n uses simple exponential smoothing with trend adjustment to forecast dema 0.4" and "=0.3". The Forecast including Trend (FIT) for the 1st month of 202 436 units whereas the actual demand turned out to be 502 units, the trend ov period was 29. Calculate the demand forecast including trend for the 2nd mo

MATLAB: An Introduction with Applications
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Question 2
A firm uses simple exponential smoothing with trend adjustment to forecast demand,
"a = 0.4" and "6=0.3". The Forecast including Trend (FIT) for the 1st month of 2022
was 436 units whereas the actual demand turned out to be 502 units, the trend over
that period was 29. Calculate the demand forecast including trend for the 2nd month.
Transcribed Image Text:Question 2 A firm uses simple exponential smoothing with trend adjustment to forecast demand, "a = 0.4" and "6=0.3". The Forecast including Trend (FIT) for the 1st month of 2022 was 436 units whereas the actual demand turned out to be 502 units, the trend over that period was 29. Calculate the demand forecast including trend for the 2nd month.
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