Question: the data for number 34 is seen about in number 33. please fully explain each variable in the equation comes from 33.A firm uses (Base+Trend)

the data for number 34 is seen about in number the data for number 34 is seen about in number 33. please fully explain each variable in the equation comes from

33.A firm uses (Base+Trend) model to forecast demand. In period 1, the Base level (B) is 100, the Trend (T) is 5. If is equal to .20, then what are the forecast for period 3 and 5 at the period 1? a. 105 and 110 b. 110 and 115 c. 110 and 120 d. 115 and 120 5 34.As same in (33), at the end of period 2, the firm learned that the actual demand for period 2 is the 110. Assume a is 0.50, what will be the new forecast for period 3 and 5? a. 105.5 and 110.5 b. 110.5 and 115.5 c. 110.5 and 120.5 d. 111.5 and 122.5 33.A firm uses (Base+Trend) model to forecast demand. In period 1, the Base level (B) is 100, the Trend (T) is 5. If is equal to .20, then what are the forecast for period 3 and 5 at the period 1? a. 105 and 110 b. 110 and 115 c. 110 and 120 d. 115 and 120 5 34.As same in (33), at the end of period 2, the firm learned that the actual demand for period 2 is the 110. Assume a is 0.50, what will be the new forecast for period 3 and 5? a. 105.5 and 110.5 b. 110.5 and 115.5 c. 110.5 and 120.5 d. 111.5 and 122.5

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!