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elena-s [515]
3 years ago
9

A store has the following demand figures for the last four years: Year Demand 1 100 2 150 3 112 4 200 Given a demand forecast fo

r year 2 of 100, a 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
Business
1 answer:
ipn [44]3 years ago
7 0

Answer:

125

Explanation:

Calculation to determine the demand forecast for year 3 using the double exponential smoothing method

Smoothed forecast for year 3 = (0.3 ×150) + (0.7 ×100) + 10

Smoothed forecast for year 3 = 45+70+10

Smoothed forecast for year 3 =125

Therefore the demand forecast for year 3 using the double exponential smoothing method will be 125

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