A recently introduced product has a positive trend in sales. The product's sales have increased in each of its first eight weeks on the market. The forecast for week 6 was 1,325 with A6 = 1,283 and T6 = 42. Using smoothing components α= 0.2 and β= 0.3, develop forecasts for weeks 7 and 8.
$$\begin{array} { | c | c | }
\hline \text { Week } & \text { Demand } \
\hline 1 & 1,000 \
\hline 2 & 1,050 \
\hline 3 & 1,125 \
\hline 4 & 1,150 \
\hline 5 & 1,250 \
\hline 6 & 1,300 \
\hline 7 & 1,310 \
\hline 8 & 1,400 \
\hline
\end{array}$$

Question

A recently introduced product has a positive trend in sales. The product's sales have increased in each of its first eight weeks on the market. The forecast for week 6 was 1,325 with A6 = 1,283 and T6 = 42. Using smoothing components α= 0.2 and β= 0.3, develop forecasts for weeks 7 and 8.
 $$\begin{array} { | c | c | } 
\hline \text { Week } & \text { Demand } \
\hline 1 & 1,000 \
\hline 2 & 1,050 \
\hline 3 & 1,125 \
\hline 4 & 1,150 \
\hline 5 & 1,250 \
\hline 6 & 1,300 \
\hline 7 & 1,310 \
\hline 8 & 1,400 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of A recently introduced product has a positive trend in sales. The product's sales have increased in each of its first eight weeks on the market. The forecast for week 6 was 1,325 with A6 = 1,283 and T6 = 42. Using smoothing components α= 0.2 and β= 0.3, develop forecasts for weeks 7 and 8.
 $$\begin{array} { | c | c | } 
\hline \text { Week } & \text { Demand } \
\hline 1 & 1,000 \
\hline 2 & 1,050 \
\hline 3 & 1,125 \
\hline 4 & 1,150 \
\hline 5 & 1,250 \
\hline 6 & 1,300 \
\hline 7 & 1,310 \
\hline 8 & 1,400 \
\hline
\end{array}$$

A Recently Introduced Product Has a Positive Trend in Sales