Question

107) The following table represents the new members that have been acquired by a fitness center.

Month	New members
Jan	45
Feb	60
March	57
April	65

Assuming α = 0.3, β = 0.4, an initial forecast of 40 for January, and an initial trend adjustment of 0 for January, use exponential smoothing with trend adjustment to come up with a forecast for May on new members.

must be done by hand no software ( please break down everything i am SO VERY LOST)

Answer 1