8 00 .5 2. A recently introduced product has a positive trend in sales. The product's...

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8 00 .5 2. A recently introduced product has a positive trend in sales. The product's sales have increased in each of its first eight weeks on the market. The forecast for week 6 was 1,325 (F6 = 1,325), with A5 = 1,283 and T5 = 42. Using smoothing components = 0.20 and = 0.30, develop forecasts for weeks 7 and 8. (9 marks) Week Demand 1 1.000 2 1,050 3 1,125 4 1,150 1,250 6 1,300 7 1,310 1,400 8 00 .5 2. A recently introduced product has a positive trend in sales. The product's sales have increased in each of its first eight weeks on the market. The forecast for week 6 was 1,325 (F6 = 1,325), with A5 = 1,283 and T5 = 42. Using smoothing components = 0.20 and = 0.30, develop forecasts for weeks 7 and 8. (9 marks) Week Demand 1 1.000 2 1,050 3 1,125 4 1,150 1,250 6 1,300 7 1,310 1,400