1. Suppose a firm uses an exponential smoothing model with trend. If the smoothed average calculated at the end of June is 15 and the smoothed trend is 3.0, what would be the forecast including trend for July?
2. Assume a firm used simple exponential smoothing early in a product's life cycle and would like the forecasting system to be responsive to a change in the demand level. Which of the following smoothing parameter values should be used? 0.30, 0.15, 0.05