Question
The business analyst for Video Sales, Inc. wants to forecast this year's demand for VCRs based on the following historical data: Time Period Demand Five
The business analyst for Video Sales, Inc. wants to forecast this year's demand for VCRs based on the following historical data:
| Time Period | Demand |
| Five Years ago | 900 |
| Four Years ago | 700 |
| Three Years ago | 600 |
| Two years ago | 500 |
| Last Year | 300 |
What is the forecast for this year using the least squares trend line for these data?
What is the forecast for this year using trend adjusted (double) smoothing with alpha(1) = 0.3 and alpha(2) = 0.2, if the forecast for last year was 31, the forecast for two years ago was 43, and the trend estimate for last year's forecast was -15?
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Project Management in Practice
Authors: Samuel J. Mantel Jr., Jack R. Meredith, Sco
4th edition
470533013, 978-0470533017
