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An ice cream store makes a demand forecast for the upcoming year, taking seasonality into consideration. The store has collected demand data over the past
An ice cream store makes a demand forecast for the upcoming year, taking seasonality into consideration. The store has collected demand data over the past two years, which is shown in the table below. Assuming the initial de-seasonalized demand forecast for Year 2021 is 3800 . Using the exponential smoothing method with =0.3, the smoothed de-seasonalized average demand for Year 2023 is forecasted to be 3747 . What is the forecasted demand for Fall 2023 based on the smooth average demand? 3619 3700 3863 4051
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