Answer to Question #336531 in Statistics and Probability for eliakim ndume

Question

You are working for a transport company and recently extracted the following data from your Transport Management System for the purpose of making forecasts for year 6. Use exponential smoothing with trend adjustment (FIT) to forecast deliveries for period 6. Let alpha (𝛼) =0.4, beta (𝛽)= 0.2, and let the initial trend value be 4 and the initial forecast be 200.

Answer 1

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