Use the appropriate assumptions to initialize the model

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Reference no: EM132179249

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: QUARTER YEAR 1 YEAR 2 YEAR 3 YEAR 4 1 55 85 178 256 2 37 23 101 193 3 89 130 145 209 4 110 156 167 167 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.

Reference no: EM132179249

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