Question: Using exponential smoothing model with trend and compute forecasts including trend (FIT) for periods 1, 2, and 3. Assume alpha = 0.25, delta = 0.50,

Using exponential smoothing model with trend and compute forecasts including trend (FIT) for periods 1, 2, and 3. Assume alpha = 0.25, delta = 0.50, F1 = 70, and T1 = 3. (Two questions based on this data.)

Time Actual F T FIT 1 73 70.00 3.00 2 79 3 77

What is the forecast including trend (FIT) for period 2 ?

77.00

67.00

75.00

76.00

What is the forecast including trend (FIT) for period 3 ?

74.50

79.00

82.25

80.13

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