CSU Inc. is selling plastic Viking helmets with horns. They recently decided to try an Easter...
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CSU Inc. is selling plastic Viking helmets with horns. They recently decided to try an Easter version with bunny ears instead of horns. They are using the data from the horns version to forecast the sales for the bunny version. The actual sales data for the last 15 periods are below: Period Actual Sales 1 1,870 2 1,875 3 4 5 6 7 8 9 10 11 12 13 14 15 1,893 1,899 2,010 2,028 2,001 1,956 1,935 1,899 1,889 1,891 1,902 1,904 1,910 Build a trend-adjusted exponential smoothing model starting in the 4th period with a=0.17 and 3-0.15. Use 1,879 for the first forecast and an original trend factor of 7. What is the trend factor in period 7 (rounded to 2 decimal points)? CSU Inc. is selling plastic Viking helmets with horns. They recently decided to try an Easter version with bunny ears instead of horns. They are using the data from the horns version to forecast the sales for the bunny version. The actual sales data for the last 15 periods are below: Period Actual Sales 1 1,870 2 1,875 3 4 5 6 7 8 9 10 11 12 13 14 15 1,893 1,899 2,010 2,028 2,001 1,956 1,935 1,899 1,889 1,891 1,902 1,904 1,910 Build a trend-adjusted exponential smoothing model starting in the 4th period with a=0.17 and 3-0.15. Use 1,879 for the first forecast and an original trend factor of 7. What is the trend factor in period 7 (rounded to 2 decimal points)?
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To build a trendadjusted exponential smoothing model we use the following formulas Forecast for the ... View the full answer
Related Book For
Practical Management Science
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
Posted Date:
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