Question: 1. Given the data shown above, use =.2 and =.4 to create trend enhanced smoothing based forecasts for period 7. Assume that FIT1 = 22

1. Given the data shown above, use =.2 and =.4 to

1. Given the data shown above, use =.2 and =.4 to create trend enhanced smoothing based forecasts for period 7. Assume that FIT1 = 22 and T1=7.83. 2. Repeat problem 1 using =.4 and =.8. Which model (from problem 1 or problem 2) gives a better approximation of the demand pattern for periods 1 through 6 ? (Hint: Base your decision on which is better using one of the forecast error calculations as support)

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