A large Quebec manufacturer wants to forecast demand for a piece of pollution-control equipment. A review...

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A large Quebec manufacturer wants to forecast demand for a piece of pollution-control equipment. A review of past sales (A+), as shown below, indicates that an increasing trend is present. Smoothing constants are assigned the values of x = 0.2 and =0.4. The firm assumes the initial forecast for month 1 (F) was 9.00 units and the trend over that period (T) was 2.00 units. Using trend-adjusted exponential smoothing, Forecasts (Ft), Trend (Tt), and Forecasts Including Trend (FIT) for months 1 through 4 have already been developed and are provided below. Continue with the process and determine F, T, and FIT, for months 5 and 6 (round your responses to two decimal places): Month (1) 1 2 3 4 5 6 7 8 9 10 Actual Demand (A) 10.0 16.0 20.0 18.0 25.0 22.0 31.0 28.0 36.0 Forecast (F) 9.00 10.80 13.38 16.45 Trend (T) 2.00 1.92 2.18 2.54 Forecast Including Trend (FIT) 11.00 12.72 15.56 18.99 A large Quebec manufacturer wants to forecast demand for a piece of pollution-control equipment. A review of past sales (A+), as shown below, indicates that an increasing trend is present. Smoothing constants are assigned the values of x = 0.2 and =0.4. The firm assumes the initial forecast for month 1 (F) was 9.00 units and the trend over that period (T) was 2.00 units. Using trend-adjusted exponential smoothing, Forecasts (Ft), Trend (Tt), and Forecasts Including Trend (FIT) for months 1 through 4 have already been developed and are provided below. Continue with the process and determine F, T, and FIT, for months 5 and 6 (round your responses to two decimal places): Month (1) 1 2 3 4 5 6 7 8 9 10 Actual Demand (A) 10.0 16.0 20.0 18.0 25.0 22.0 31.0 28.0 36.0 Forecast (F) 9.00 10.80 13.38 16.45 Trend (T) 2.00 1.92 2.18 2.54 Forecast Including Trend (FIT) 11.00 12.72 15.56 18.99

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Answer Solution Month f 1 2 3 4 5 6 Actual Demand A Forecast F Trend T ... View the full answer