Question: The data below represents the monthly demand for a certain product for 8 months. Month Demand 1 96 2 98 3 88 4 75 5

The data below represents the monthly demand forThe data below represents the monthly demand for

The data below represents the monthly demand for a certain product for 8 months. Month Demand 1 96 2 98 3 88 4 75 5 88 | | 84 7 86 8 82 The formula for the Exponential Smoothing technique is Ft = Ft-1 + a (At-1 - Ft-1) The formula for the Exponential Smoothing with trend adjustment technique is FITt = Ft + Tt where Ft = Ft-1+ a (At-1 - Ft-1) and Tz = B (Ft - Ft-1) + (1 - B) Tt-1 Use the data above to find: The forecast for period 1 using the exponential smoothing forecasting technique. The forecast for period 6 using the exponential smoothing forecasting technique using a = 0.1. Assume that the F5 = 93.34 (round to 2 decimal places). The forecast for period 6 using the exponential smoothing forecasting with trend adjustment technique using a = 0.1 and B=0.2. Assume that the F5 = 93.34 and 15 = 0.51 (round to 2 decimal places). F6 = T6 = FIT6

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