Question: Historical sales data is shown below. Week Actual Forecast Trend Forecast 1 340 340 12 2 374 3 434 4 503 5 402 6 Round
Historical sales data is shown below.
| Week | Actual | Forecast | Trend Forecast | ||||||
| 1 | 340 | 340 | 12 | ||||||
| 2 | 374 | ||||||||
| 3 | 434 | ||||||||
| 4 | 503 | ||||||||
| 5 | 402 | ||||||||
| 6 | |||||||||
Round your answer to 2 decimal places. Do not round intermediate calculations.
Using alpha = 0.4 and beta = 0.1, what is the double exponential smoothing forecast for period 6?
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