My App is a small but growing start-up that sees demand for several of its apps increasing quickly. The tabie below shows the last six months of downloads. Use a forecast for the first month of 220,000, an initial trend forecast of 35.000, and smoothing parameters of 015 for both demand smoothing and trend smoothing Month (t) Monthly Application Downloads Forecast for Next Month Trend 220,000.00 35,000 00 200,000 250,100 334,000 3 380,000 5 440,000 500,000 (Round your answers to 2 decimal places) Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double exponential smoothing a. (Round your answers to 2 decimal places.) Month 7s forecast is b.
My App is a small but growing start-up that sees demand for several of its apps increasing quickly. The tabie below shows the last six months of downloads. Use a forecast for the first month of 220,000, an initial trend forecast of 35.000, and smoothing parameters of 015 for both demand smoothing and trend smoothing Month (t) Monthly Application Downloads Forecast for Next Month Trend 220,000.00 35,000 00 200,000 250,100 334,000 3 380,000 5 440,000 500,000 (Round your answers to 2 decimal places) Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double exponential smoothing a. (Round your answers to 2 decimal places.) Month 7s forecast is b.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
Related questions
Question
100%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing