The following table contains the demand from the last 10 months. Calculate the exponential smoothing with trend forecast for these data, using an α of 0.30, a δ of 0.30, an initial trend forecast (T1) of 1, and an initial exponentially smoothed forecast (F1) of 30. Round your intermediate calculations and answers to two decimal places.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.4: Logarithmic Functions
Problem 86E
icon
Related questions
Question
100%

The following table contains the demand from the last 10 months. Calculate the exponential smoothing with trend forecast for these data, using an α of 0.30, a δ of 0.30, an initial trend forecast (T1) of 1, and an initial exponentially smoothed forecast (F1) of 30. Round your intermediate calculations and answers to two decimal places.

MONTH ACTUAL DEMAND
Ft
Tt
FITT
1
31
2
34
33
4
35
37
36
7
38
40
9.
40
10
41
00
Transcribed Image Text:MONTH ACTUAL DEMAND Ft Tt FITT 1 31 2 34 33 4 35 37 36 7 38 40 9. 40 10 41 00
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Time Series Analyses, Forecasting Methods, and Indices
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell