1. Given the data shown below, use a 5 .2 and b 5 .4 to create a trend enhanced smoothing based forecast for period 7. Assume that FIT1 5 22 and T1 5 7.83.
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Period:
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1
|
2
|
3
|
4
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5
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6
|
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Demand:
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19
|
33
|
37
|
49
|
52
|
60
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2. Repeat problem 1 using a5 .4 and b5 .8. Which model gives a better approximation of the demand pattern for periods 1 through 6?
Text Book: Managing Operation Across the Supply Chain 2nd Edition.