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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 six
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 210,000, an initial trend forecast of 40,000, and smoothing parameters of 0.25 for both demand smoothing and trend smoothing. a. Complete the table below, filling in the "Forecast for next month" and "Trend" columns, using double exponential smoothing. Note: Round your answers to 2 decimal places. b. Month 7's forecast is: Note: Round your answer to 2 decimal places
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