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(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. a. (Round your answers to 2 decimal places.) b. Month 7's forecast is:

(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. a. (Round your answers to 2 decimal places.) b. Month 7's forecast is:

Practical Management Science
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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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 215,000, an initial trend forecast of 50,000, and smoothing parameters of 0.05 for both demand smoothing and trend smoothing. Month (t) Monthly Application Downloads Forecast for Next Month 39:41 Trend 215,000.00 50,000.00 1 200,000 250,020 3 320,000 4 410,000 445,000 6. 496,000 (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. a. (Round your answers to 2 decimal places.) b. Month 7's forecast is:
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 215,000, an initial trend forecast of 50,000, and smoothing parameters of 0.05 for both demand smoothing and trend smoothing. Month (t) Monthly Application Downloads Forecast for Next Month 39:41 Trend 215,000.00 50,000.00 1 200,000 250,020 3 320,000 4 410,000 445,000 6. 496,000 (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. a. (Round your answers to 2 decimal places.) b. Month 7's forecast is:
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