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My App is a small but growing start-up that sees demand for several of its apps increasing quickly. The table below shows the last
My App is a small but growing start-up that sees demand for several of its apps increasing quickly. The table below shows the last six months of downloads. Use a forecast for the first month of 220,000, an initial trend forecast of 35,000, and smoothing parameters of 0.15 for both demand smoothing and trend smoothing Month (t) Monthly Application Downloads Forecast for Next Month 220,000.00 Trend 35,000.00 a. 1 5 6 23410 200,000 250,100 334,000 380,000 440,000 500,000 (Round your answers to 2 decimal places.) Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double exponential smoothing (Round your answers to 2 decimal places.)) b. Month 7's forecast is
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