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Meta 2 . ( SHOW YOUR COMPLETE WORK ) The manager at a local store has been monitoring the demand for a product. The actual
MetaSHOW YOUR COMPLETE WORK The manager at a local store has been monitoring the demand for a product. The actual demand data during the last five weeks are shown below:
WEEK ACTUAL DEMAND
Units sold
Five weeks ago
Four weeks ago
Three weeks ago
Two weeks ago
One week ago
THIS WEEK ACTUAL DEMAND NOT KNOWN
Use trendadjusted exponential smoothing to obtain the demand forecast for THIS WEEK. Use the following:
Exponentially smoothed forecast five weeks ago units
Exponentially smoothed trend estimate five weeks ago units
The smoothing constants: alpha beta
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