The following table represents the new members that have been acquired by a fitness center. Assuming α = 0.3, β = 0.4, an initial forecast of 40 for January, and an initial trend adjustment of 0 for January, use exponential smoothing with trend adjustment to come up with a forecast for May on new members.
A)58.57
B)63.23
C)52.25
D)55.81

Question

The following table represents the new members that have been acquired by a fitness center.  Assuming α = 0.3, β = 0.4, an initial forecast of 40 for January, and an initial trend adjustment of 0 for January, use exponential smoothing with trend adjustment to come up with a forecast for May on new members.
A)58.57 
B)63.23 
C)52.25 
D)55.81

Quizplus · Accepted Answer

The Answer of The following table represents the new members that have been acquired by a fitness center.  Assuming α = 0.3, β = 0.4, an initial forecast of 40 for January, and an initial trend adjustment of 0 for January, use exponential smoothing with trend adjustment to come up with a forecast for May on new members.
A)58.57 
B)63.23 
C)52.25 
D)55.81

The Following Table Represents the New Members That Have Been