Question: 1. A forecasting model is being generated following the double exponential smoothing method, Holt's method, for which the following data are available: Year Demand (in

1. A forecasting model is being generated

1. A forecasting model is being generated following the double exponential smoothing method, Holt's method, for which the following data are available: Year Demand (in millions) Lt Tt 1 5.2 2.35 1.07 2 7.8 ALPHA 0.79 Obtain the value of the level for year 2, give the answer to 2 decimal places - round to the nearest decimal place. 2. A forecasting model is being generated following the double exponential smoothing method, Holt's method, for which the following data are available: Year Demand (in millions) Lt Tt 1 11.4 4.13 2.77 2 15.95 4.27 ALPHA 0.62 Obtain the trend value for year 2, give the answer to 2 decimal places -round to the nearest decimal place, if negative include the sign

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