A large Portland manufacturer wants to forecast demand for a piece of pollution-control equipment. A review of past sale

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A Large Portland Manufacturer Wants To Forecast Demand For A Piece Of Pollution Control Equipment A Review Of Past Sale 1 (54.07 KiB) Viewed 12 times

A large Portland manufacturer wants to forecast demand for a piece of pollution-control equipment. A review of past sales (A+), as shown below, indicates that an increasing trend is present. Smoothing constants are assigned the values of α = 0.20 and B = 0.4. The firm assumes the initial forecast for month 1 (F₁) was 11.00 units and the trend over that period T, was 2.00 units. Using trend-adjusted exponential smoothing, Forecasts (F), Trend (T+), and Forecasts Including Trend (FIT) for months 1 through 6 have already been developed and are provided below. Continue with the process and determine Ft, Tt, and FIT, for months 7 through 9 (round your responses to two decimal places): Month (t) 1 2 3 4 5 6 7 8 9 10 Actual Demand (A₂) 12.0 16.0 24.0 20.0 25.0 22.0 30.0 27.0 38.0 Forecast (Ft) 11.00 12.80 14.98 18.40 20.78 23.62 Trend (Tt) 2.00 1.92 2.02 2.58 2.50 2.64 Forecast Including Trend (FIT+) 13.00 14.72 17.00 20.98 23.28 26.26 ☐☐☐,