The Textron company in Mt. Vernon, Texas, asked you to develop quarterly forecasts of combine sales for next year. Combine sales are seasonal, and the data on the quarterly sales for the last four years are as follows:

Lisa Williams estimates the total demand for the next year at Textron. Use the seasonally adjusted exponential smoothing model to develop the forecast for each quarter. Use the appropriate assumptions to initialize the model.

Transcribed Image Text:

YEAR 3 178 101 145 167 YEAR 4 256 193 YEAR 1 YEAR 2 QUARTER 85 37 我3 110 130 167 156