Use the data given below to answer the following question(s) .
The table below shows the car sales from the year 2002-2007.The forecaster assumes a smoothing constant of 0.8 and uses the exponential smoothing model to determine the forecast for the future.
-In the double exponential smoothing model F_t₊_k = a_t + b_tk,identify the value that signifies the trend.

Question

Use the data given below to answer the following question(s) .
The table below shows the car sales from the year 2002-2007.The forecaster assumes a smoothing constant of 0.8 and uses the exponential smoothing model to determine the forecast for the future.

-In the double exponential smoothing model F_t₊_k = a_t + b_tk,identify the value that signifies the trend.

Quizplus · Accepted Answer

In the double exponential smoothing model, b_t represents the trend component, indicating the rate of change over time.

Use the Data Given Below to Answer the Following Question(s)