My App is a small but growing start-up that sees demand for several of its apps increasing quickly. The table below shows the last six months of downloads. Use a forecast for the first month of 210,000, an initial trend forecast of 50,000, and smoothing parameters of 0.30 for both demand smoothing and trend smoothing. Month (t) Monthly Application Downloads Forecast for Next Month 210,000.00 Trend 50.000 .00

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My App is a small but growing start-up that sees demand for several of its apps increasing quickly. The table below shows the last six
months of downloads. Use a forecast for the first month of 210,000, an initial trend forecast of 50,000, and smoothing parameters of
0.30 for both demand smoothing and trend smoothing.
Month (t) Monthly Application Downloads Forecast for Next Month
Trend
210,000.00
50,000.00
230,000
250,090
336,000
360,000
5.
450,000
9.
501,000
(Round your answers to 2 decimal places.)
Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double
exponential smoothing.
a.
(Round your answers to 2 decimal places.)
b.
Month 7's forecast is:
234
Transcribed Image Text:My App is a small but growing start-up that sees demand for several of its apps increasing quickly. The table below shows the last six months of downloads. Use a forecast for the first month of 210,000, an initial trend forecast of 50,000, and smoothing parameters of 0.30 for both demand smoothing and trend smoothing. Month (t) Monthly Application Downloads Forecast for Next Month Trend 210,000.00 50,000.00 230,000 250,090 336,000 360,000 5. 450,000 9. 501,000 (Round your answers to 2 decimal places.) Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double exponential smoothing. a. (Round your answers to 2 decimal places.) b. Month 7's forecast is: 234
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