Question: A forecasting situation involves trend and seasonality. Current values of the seasonality indexes are shown on the right. You are using exponential smoothing with the

A forecasting situation involves trend and seasonality. Current values of the seasonality indexes are shown on the right. You are using exponential smoothing with the following smoothing costants: 01:0.2; 13:0.4; T=O.6. At the end of quarter 1 you have the following information: 51 = 114; T1 = 7.0. (a) In quarter 2 demand is reported to be 130 units. What is your forecast for quarter 3 (keep 1 decimal place}? (b) At the end of quarter 2 what is your forecast for quarter 4 (keep 1 decimal place}? (c) Revise the seasonality index for quarter 2 that you will use next year {keep 2 decimal places)

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