A company uses exponential smoothing with trend to forecast monthly sales of its product, which show a
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A company uses exponential smoothing with trend to forecast monthly sales of its product, which show a trend pattern. At the end of week 5, the company wants to forecast sales for week 6. The trend through week 4 has been 20 additional cases sold per week. Average sales have been 85 cases per week. The demand for week 5 was 90 cases. The company uses α = 0.20 and b = 0.10.Make a forecast including trend for week 6.
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Given T 4 20 A 5 90 S 4 85 a 020 b 010 Step 1 Smoothing ...View the full answer
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