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Recently introduced product has a positive trend in sales

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Reference no: EM13517934

Recently introduced product has a positive trend in sales. The product's sales have increased in each of its first eight weeks on the market. The forecast for week 6 was 1,325 (F6 = 1,325), with A6 = 1,283 and T6 = 42. Using smoothing components ∝ = 0.20 and β = 0.30, develop forecasts for weeks 7 and 8.

the following demand history for the past six months:
WeekDemand
1 1,000
2 1,050
3 1,125
4 1,150
5 1,250
6 1,300
7 1,310
8 1,400

Reference no: EM13517934

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