A manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. At the end of December, the company wishes to forecast sales for January. The estimate of trend through November has been 200 additional boards sold per month. Average sales have been around 1000 units per month. The demand for December was 1100 units. The company uses α= 0.20 and β= 0.10. Make a forecast including trend for the month of January.
A manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. At the end of December, the company wishes to forecast sales for January. The estimate of trend through November has been 200 additional boards sold per month. Average sales have been around 1000 units per month. The demand for December was 1100 units. The company uses α= 0.20 and β= 0.10. Make a forecast including trend for the month of January.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 42P: The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars)...
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. A manufacturer of printed circuit boards uses exponential smoothing with trend to
forecast sales for January. The estimate of trend through November has been 200
additional boards sold per month. Average sales have been around 1000 units per month.
The demand for December was 1100 units. The company uses α= 0.20 and β= 0.10.
Make a forecast including trend for the month of January.
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