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please answer all parts with correct calculations and explanations. QUESTION: A store has the following demand figures for the last four years: Year Demand 1
please answer all parts with correct calculations and explanations. QUESTION: A store has the following demand figures for the last four years:
Year | Demand |
1 | 100 |
2 | 150 |
3 | 112 |
4 | 200 |
Given the demand forecast for year 2 of 100, the trend forecast for year 2 of 10, an alpha of 0.3, and a beta of 0.2, what is the demand forecast for year 3 using the double exponential smoothing method?
115
120
125
130
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