Question: Calculate the Exponential Smoothing with Trend forecast for these data using an a of 0 . 3 0 , a o of 0 . 3

Calculate the Exponential Smoothing with Trend forecast for these data using an a of 0.30, a o of 0.30, an Initial Trend forecast (T,) of 1, and an Initial Exponentially Smoothed forecast (F1) of 30.Based on this analysis, what is the Forecast Including Trend (FIT) in Month 9? ROUND YOUR FINAL ANSWER TO TWO (2) DECIMAL PLACES.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

The following table contains the demand from the last 10 months: MONTH 1 ACTUAL DEMAND 32 2 35 3 36 4 38 5 41 6 39 7 39 8 41 9 10 44 40 a. Calculate the single exponential smoothing forecast for...

Q:

can someone help on c everything else is rt b. Caiculate the exponential smoothing with trend forecast for these data using an a of 0.20 , a of 0.20 , an initial trend forecast (I1) of 1.00 , and an...

Q:

Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following forecast and specify what procedure you would utilize. MONTH ACTUAL...

Q:

Your manager is trying to determine what forecasting method to use. Based upon the following historical data, calculate the following forecast and specify what procedure you would utilize. MONTH...

Q:

15 4 pts Suppose you go to this thing called Google and figure out how to calculate an exponential smoothing with trend adjustment forecast. You run the numbers and the MAD is 65 and the average bias...

Q:

Boutique Build Australia specializes in designing and building boutique houses for residential customers. It has been operating since 2002. The company is a new client, and they have requested your...

Q:

please show in excel The accompanying data table shows the average number of viewers, in millions, for each season of a popular television show. Complete parts a through e below. Click the icon to...

Q:

The following data shows the value of food and beverage sales ($1,000s) for the first three years of operation of Vintage Restaurant on Captiva Island near Fort Myers, Florida. Month First Year...

Q:

The following data shows the value of food and beverage sales ($1,000s) for the first three years of operation of Vintage Restaurant on Captiva Island near Fort Myers, Florida. Month First Year...

Q:

2. The table given below shows monthly demand in the last 3 years. Month 1 2 3 4 5 6 7 8 9 10 11 2018 88 108 104 80 112 108 132 120 96 108 92 100 2019 104 116 124 104 136 128 148 132 124 120 100 120...

Q:

Cricket Corporations financial statements for 2014 showed the following: Notice that the company had a debt of only $ 20,000 compared with share capital of $ 200,000. A consultant recommended the...

Q:

A new barcode reading device has an installed cost basis of $23,050 and an estimated service life of ten years. It will have a zero salvage value at that time. The 200% declining balance method is...

Q:

An investment adviser representative must exercise due diligence to obtain what information before recommending the sale or purchase of a security to a customer? Verification that the customer has at...

Q:

A particle is moving in three dimensions and its position vector is given by; r(t) = (4, 4t + 2, 3t)i + (4, 5t - 2, 3)2 + (3, 3t + 3, 1t)k where r is in meters and t is in seconds. Determine the...