Trend for next period, Trend for next period

Trend for next period

Assignment Help Mathematics

Reference no: EM13690802

Consider following data for a product having trends in demand given as under:
Initial exponentially smoothed forecast for period t- 120 units
Exponentially smoothed trend for period t- 12 units
Alpha- 0.2 and Delta- 0.28
If actual demand was observed to be 145 against the forecast of 120, calculate
(i) the forecast and (ii) trend for next period

Reference no: EM13690802

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