The following table represents sales data for LITRES of milk (in hundreds) sold by a milk booth.
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The following table represents sales data for LITRES of milk (in hundreds) sold by a milk booth.
Month 1 2 3 4 5 6 7 8 9 10 11 12 Sales 96 106 92 114 108 98 99 115 106 91 102 99
(a) Use single exponential smoothing to forecast demand, with a of 0. 20 and an initial forecast of 100. 00.
(b) Use trend adjusted exponential smoothing to forecast sales through period 13 for the following data. Use an a of 0. 30, a p of 0. 50, an initial base of 29. 0 and a trend of 1. 0.
AppendixLO1
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