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MyApp is a small but growing startup that sees demand for several of its apps increase quickly. For the last six months, monthly downloads were
MyApp is a small but growing startup that sees demand for several of its apps increase quickly. For the last six months, monthly downloads were 235,000, 290,000, 336,000, 390,000, 435,000, and 498,000. Using a forecast for the first month of 220,000, an initial trend forecast of 40,000, and smoothing parameters of 0.25 for both demand smoothing and trend smoothing, forecast the demand for the next month using double exponential smoothing.
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