Course Solutions Uncategorized (Answered) : A store has the following demand figures for the last four years: Year 2 3 4 Demand 100 150 112 200 Given the demand forecast for

(Answered) : A store has the following demand figures for the last four years: Year 2 3 4 Demand 100 150 112 200 Given the demand forecast for

A store has the following demand figures for the last four years: Year 2 3 4 Demand 100 150 112 200 Given the demand forecast for year 2 of 100, the trend forecast for year 2 of 10, an alpha of 0.3, and a beta of 0.2, what is the demand forecast for year 3 using the double exponential smoothing method? 125 115 130 120

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Expert Answer


https://d2vlcm61l7u1fs.cloudfront.net/media%2F12f%2F12f8a0b9-3121-4b77-b310-c4fa3d80d856%2FphpXIq5Bh.png
thus, the correct answer is option d. (120)

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