Question: You work for a small financial software company as a data analyst and your task today is to develop a demand forecast for new customers.
You work for a small financial software company as a data analyst and your task today is to develop a demand forecast for new customers. Actual demand for January is 197 and it was forecasted to be 200 with a trend of 5 in January. Use trend adjusted exponential smoothing to calculate "F.I.T." for the month of February. Assume the forecast smoothing coefficient alpha is 0.3 and the trend smoothing coefficient beta is 0.7.
The Forecast for February is (Round to nearest whole number, zero decimal places)
The Trend for February is (Round to nearest whole number, zero decimal places)
FIT is (Round to nearest whole number, zero decimal places)
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