(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
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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![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:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93c69562-319c-4631-9769-6e36e7999d60%2F69d1a23f-69da-4ef1-9d90-1e155bed078e%2Fqbut8vl_processed.jpeg&w=3840&q=75)
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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