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Leadership of Flower Fusion was impressed with Catherine Garcia's forecasting skills and expressed interest in applying demand forecasting models to other datasets. One of the
Leadership of Flower Fusion was impressed with Catherine Garcia's forecasting skills and expressed interest in applying demand forecasting models to other datasets. One of the datasets is the demand of FQ-1034, a flower bouquet with roses, daisies, and statice. Table 2 below presents its demand for the past 6 months. This time, Catherine noticed a positive trend and decided to apply Holt's method for forecasting. She estimated = 0.46, = 0.10, a1 = 75, and b1 = 2.55. Table 2. Recent demand of FQ-1034 Month (t) Actual Demand (in unit) 1 173 2 279 3 429 4 682 5 757 6 969 What is the demand forecast (in units) for Month 7 (t=7), which is x6,7, when Holt's method is applied to the data in Table 2
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