Question: = Homework: HW14 CH04 Question 4, Problem 4.21 HW Score: 0%, 0 of 8 points O Points: 0 of 1 Save A large Portland manufacturer

= Homework: HW14 CH04 Question 4, Problem 4.21 HW

= Homework: HW14 CH04 Question 4, Problem 4.21 HW Score: 0%, 0 of 8 points O Points: 0 of 1 Save A large Portland manufacturer wants to forecast demand for a piece of pollution-control equipment. A review of past sales (Ar), as shown below, indicates that an increasing trend is present. Smoothing constants are assigned the values of a = 0.20 and B = 0.4. The firm assumes the initial forecast for month 1 (F) was 13.00 units and the trend over that period T, was 2.00 units. Using trend-adjusted exponential smoothing, Forecasts (F). Trend (T.), 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): Trend (T) Month (+) 1 2 3 4 5 Actual Demand (A) 14.0 18.0 23,0 18.0 25.0 23.0 31.0 28.0 38.0 Forecast (F) 13.00 14.80 16.98 19.80 2.00 1.92 2.02 2.34 Forecast Including Trend (FIT) 15.00 18.72 19.00 22.14 6 7 B 9 10

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!