Question: i dont need the explaination only i need the final answer Period 1 2 3 Actual Demand 300 312 314 393 336 331 5 340
i dont need the explaination only i need the final answer
Period 1 2 3 Actual Demand 300 312 314 393 336 331 5 340 6 7 8 9 10 3-44 350 366 Use exponential smoothing with trend adjustment to forecast deliveries for period 10. Let alpha -0.4, beta -0.2, and let the initial trend value be 3 and the initial forecast be 300. What is the forecast in year 2? int Step 1. Ft-At-1)-01 - aXFt. 1 Tt-1) Ft Actual demand fast period)-(1.ay Forecast last period - Trend estimate last period) Step 2 - T-b(Rt. Pr. 1) - 1-bit1 TrabForecast this period - Forecast fast period - - Trend estimate last period) Step 3 - Forecast including trend (FITO - Exponentially smoothed forecast everage (Ft) - Exponentially smoothed trend (T) O 301.9 303 301.8 O 303 Step by Step Solution
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