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You work at the private wealth management department of an investment bank. You are asked to generate demand forecasts for one of the popular investment

You work at the private wealth management department of an investment bank. You are asked to generate demand forecasts for one of the popular investment advisory services. The demand data for the past three months are as follows:

Month

Demand (number of customers)

1

2050

2

2150

3

2200

12. Suppose you are using the double exponential smoothing forecasting technique with a = 00. 77 and BB = 00.

12. Suppose you are using the double exponential smoothing forecasting technique with a = 00. 77 and BB = 00. 66 to generate forecasts. Assume that the forecasts for level and trend for month 1, SS11 = 22222222 and TT11 = 7777. What would be your forecast for month 4? If your answer is not an integer, provide at least three decimal places, e.g., 7.500.

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