Forecasting
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A company uses exponential smoothing with trend to forecast monthly sales of its product, which show a trend pattern.
At the end of week 5, the company wants to forecast sales for week 6. The trend through week 4 has been twenty additional cases sold per week.
Average sales have been eighty-five cases per week. The demand for week 5 was ninety cases. The company uses ? = 0.20 and ? = 0.10. Make a forecast including trend for week 6.
The smoothing of the level of the series is .
The smoothing of the trend is .
The forecast including the trend is .
(Round your answers to 1 decimal
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Solution Summary
The solution illustrates a forecasting problem using exponential smoothing.
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Solution
It is given that,
T4 = 20, A5 = 90, S4 = 85, = 0.20, = 0.10
Step 1:
Smoothing the level of the ...
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