2 3 1 Julie runs a small business creating handmade candles and soaps. She wants to...
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2 3 1 Julie runs a small business creating handmade candles and soaps. She wants to determine a demand forecast for the next few months to decide whether to she should hire some more workers to help her business. The table below shows her sales over the past 4 periods. Use exponential smoothing with trend adjustment to forecast demand for period 4. The initial forecast for period 1 was 70 units. and the initial estimate of trend was 0. The smoothing constants are a = 0.3 and 8 = 0.4. Period Actual 80 65 70 192 2 3 1 Julie runs a small business creating handmade candles and soaps. She wants to determine a demand forecast for the next few months to decide whether to she should hire some more workers to help her business. The table below shows her sales over the past 4 periods. Use exponential smoothing with trend adjustment to forecast demand for period 4. The initial forecast for period 1 was 70 units. and the initial estimate of trend was 0. The smoothing constants are a = 0.3 and 8 = 0.4. Period Actual 80 65 70 192
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To use exponential smoothing with trend adjustment well need to calculate two components the smooth... View the full answer
Related Book For
Management A Practical Introduction
ISBN: 978-0078112713
5th edition
Authors: Angelo Kinicki, Brian Williams
Posted Date:
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