If the actual sales for Quarter 1, 2022 turn out to be 22900, what will be your new estimates for all parameters? What will be your forecast for Quarter 2, 2022?

OPROBLEM 1: To forecast the quarterly sales (number of units) of an automobile part supplier, an analyst decided to use Exponential Smoothing model with trend and quarterly multiplicative seasonality. Using a = 0.20, y = 0.10, and 8=0.2, the historical data (Last 40 quarters ending December 31", 2021), gave following estimates of the relevant parameters: Lo = (Level at end of Quarter 4, 2021) = 22000 To = (Trend at end of Quarter 4, 2021) = 120 So = (Seasonal Factor for Quarter 4) = 1.2 S. = (Seasonal Factor for Quarter 3) = 0.9 S., = (Seasonal Factor for Quarter 2) = 0.8 S. = (Seasonal Factor for Quarter 1) =