Question

You just opened a new bar in Whyte Ave, and you have seen an increase in the demand for your weekend special drink You want to use the trend-adjusted exponential smoothing to make forecasts for the following week to capitalize on the success of your special drink and want to be prepare so you don't sold out before satisfying as much demand as posible. The following data has been collected to prepare your forecast A-1-135 drinks T1-1-17 drinks 04 b=0.2 of the demand for your special drink was 146 (146) What is the forecast for week next week le, 1)? (Write your answering ONE decimal place)

Answer 1

in the problems Answer: Summarized the data given we have, At=&Dt +(1-2) (A+1+T+1) = OUHX176 + (1-0.6) (135 +17) - 149.6 TE=B (At- At-1) + (1-B)TH 0:2(149.6-135) + (1-0-2) 17 16.52 Given At-1= 135 T2-1=17, x=0:14, B=0.2 De= 146 ... fft Att Tt t +1 = 149.6 + 16.52 1661 The forecast for week next week is; 166-2 Please please kindly Up - vote Thank you