Question: 1 . Using Holt ` s method ( double exponential smoothing ) to forecast demand for an athletic shoe by month, with = 0 .

1. Using Holt`s method (double exponential smoothing) to forecast demand for an athletic shoe by month, with =0.1 and =0.2. Our last estimates of the intercept and slope were 1067.2 and 21.6, respectively. This month`s demand is 1100.
a) Give your forecast for next month.
b) Give your forecast for three months from now.

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