The business analyst for Ace Business Machines, Inc. wants to forecast this year's demand for manuai typewriters based on the following historical dataDEMAND900TIME PERIOD5 years ago4 years ago700600years ago2 years agoLast year500300What is the forecast for this year using trend adjusted (double) smoothing with alpha(1) = 0.3 and alpha(2) = 02, i the forecast for fast year was 31, the forecast fortwo years ago was 43, and the trend estimate for last year's forecast was -167Select onea. 30,000b. 16,300C. 40,000d. 18,000e. 51,000

Forecasting is the process of estimating future demand according to the previous demand and…

Answered: What is the forecast for this year…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A firm uses simple exponential smoothing with trend adjustment to forecast demand, "a = 0.6" and "B=0.6". The Forecast including Trend (FIT) for the 1st month of 2022 was 434 units whereas the actual demand turned out to be 488 units, the trend over that period was 26. Calculate the demand forecast including trend for the 2nd month.
i need this to study stop canceling my questions A check-processing center uses exponential smooth- ing to forecast the number of incoming checks each month. The number of checks received in June was 40 million, while the fore- cast was 42 million. A smoothing constant of .2 is used. a) What is the forecast for July?b) If the center received 45 million checks in July, what would be the forecast for August?c) Why might this be an inappropriate forecasting method for the situation
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What is the forecast for this year using trend adjusted (double) smoothing with alpha(1) = 03 and alpha(2) - 0.2, if the forecast for last year was 31, the forecast for two years ago was 43, and the trend estimate for last year's forecast was -15?