Question
A large Portland manufacturer wants to forecast demand for a piece of pollution-control equipment. A review of past sales (), as shown below, indicates that
A large Portland manufacturer wants to forecast demand for a piece of pollution-control equipment. A review of past sales (), as shown below, indicates that an increasing trend is present.Smoothing constants are assigned the values of = and = . The firm assumes the initial forecast for month 1 () was units and the trend over that period was units. Using trend-adjusted exponential smoothing, Forecasts (), Trend (), and Forecasts Including Trend () for months 1 through 4 have already been developed and are provided below. Continue with the process and determine , , and for months 5 and 6 (round your responses to two decimal places): Month (t) Actual Demand 1 10.0 2 16.0 3 23.0 4 20.0 5 25.0 6 22.0 7 31.0 8 27.0 9 35.0 Month (t) Actual Demand () Forecast () Trend () Forecast Including Trend () 1 2 3 4 5 enter your response here enter your response here enter your response here 6 enter your response here enter your response here enter your response here 7 8 9 10
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