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Demand for drones at TatoolnnoVations (TIV) has been on an upward trajectory due to growth in the consumer drone market. TIV would like to apply

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Demand for drones at TatoolnnoVations (TIV) has been on an upward trajectory due to growth in the consumer drone market. TIV would like to apply either a double exponential smoothing forecast method or a trend projection using linear regression to forecast the demand. The following Table contains the last five periods of total demand for their product. Period Demand 1 343 2 533 3 592 4 604 5 902 Compute double exponential smoothing forecast for Period 7. . Begin with initial estimates at time Period 0 of Level Component, Lo=213 and Trend Component, To =80. . Use the smoothing parameters o=0.5 and 8=0.5 to compute the forecasts. Enter your final double exponential smoothing forecast for Period 7. . Carry all calculations to at least 3 decimal places. . Enter your final forecast rounded to the nearest tenth of a unit, i.e. 1 decimal place

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