Question: Refer to Exercise 14.4. The table with the prices for product A for the four quarters of last year is reproduced at right. Holt's smoothing

Refer to Exercise 14.4. The table with the prices for product A for the four quarters of last year is reproduced at right. Holt's smoothing method with w = .2 and v = .6 was applied to the data.
a. Find the missing trend value for Quarter 3.

b. Find the missing smoothed value for Quarter 4.
c. Give the Holt's forecast for the price in Quarter 5.

Smoothed Value Trend Quarter A 3.25 3.50 3.90 4.25 1 2 3 4 3.50 3.78 0.25 ? 0.29

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