Summer at a local produce stand exhibit a linear trend

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Reference no: EM13707013

Weekly sales for watermelons over the summer at a local produce stand exhibit a linear trend. The demand for weeks 1 through 10 was 91, 94, 95, 97, 92, 101, 107, 116, 113, and 121.

a) Calculate the forecasts for weeks 2 through 10 using Holt’s double exponential smoothing with ? = 0.05 and ? = 0.10.

b) What is the multiple-step ahead forecast for period 12 created at the end of period 10?

c) What is the multiple-step ahead forecast for period 12 created at the end of period 6?

Reference no: EM13707013

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