Question: Please write answer clearly and in therefore statement. Following table represents the monthly actual and forecast demands for a retail food store. By using the

Please write answer clearly and in therefore statement.
Following table represents the monthly actual and forecast demands for a retail food store. By using the exponential smoothing with trend adjustment steps, calculate the forecast including trend for month 10 in the following table. The smoothing constants are a = 0.4 and B = 0.2. Month Actual Forecast including Trend (FIT) 200 212 Ova u AWNA Trend Factor 4.00 3.68 4.15 4.27 4.63 Exp. Smoothing Forecast 200.00 202.40 208.45 213.16 219.26 228.73 229.00 236.12 242.30 248.55 214 222 236 221 240 244 250 206.08 212.60 217.43 223.89 234.33 233.53 241.17 247.58 5.60 4.53 5.05 5.28 5.47 266 10 Note: 1- Round and enter your final answer with 2 decimal placesStep by Step Solution
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