Question: The BubbleTea 4 Me take - away cafe that Jane started last month is a big hit! Demand for the popular drink is increasing faster
The BubbleTeaMe takeaway cafe that Jane started last month is a big hit! Demand for the popular drink is increasing faster than they imagined. The past weeks of data are presented below.
Required:
Using a forecast for the first week of an initial trend forecast of and a smoothing parameters of for both demand smoothing and trend smoothing, calculate the Forecast for the Next Period and the Trend value.
Note: Round your answers to four decimal places.
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