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 (29.45 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 a = 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 (T₂), and Forecasts Including Trend (FIT,) for months 1 through 6 have already been developed and are provided below. Continue with the process and determine F₁, T₁, and FIT, for months 7 through 9 (round your responses to two decimal places) Fi Month (0) 1 2 3 4 5 6 7 10 Actual Demand (A₂) 12.0 17.0 20.0 19.0 24.0 21.0 31.0 28.0 36.0 Forecast (F₂) 11.00 12.80 15.18 17.82 19.91 22.51 Trend (T₂) 2.00 1.92 2.10 2.32 2.23 2.38 Forecast Including Trend (FIT) 13.00 14.72 17.28 20.14 22.14 24.89 hor