Recalculate the forecast for next monday using a trend, Business Management

Recalculate the forecast for next monday using a trend

Exponential Smoothing with Trend

Problem Statement
Recalculate the forecast for next Monday using a trend adjustment with 0.2. Using the MAD measure, compare the quality of this trend-adjusted forecast with the simple exponential smoothing in Problem 1.

Problem 1

Simple Exponential Smoothing

Problem Statement
The first-week demand for a new barbecue burger is

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What is the forecast demand for next Monday using a smoothing constant a = 0.3?

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Business Management: Recalculate the forecast for next monday using a trend

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Business Management: Recalculate the forecast for next monday using a trend

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