The Following Table Represents the New Members That Have Been

question 60

Essay

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.

---

Definitions:

Forecasts

Predictions or estimates of future events or trends, typically based on analysis of data.

Trend Analysis

The practice of collecting information and attempting to spot a pattern, often used in financial markets, business intelligence, and research fields.

Strategic Plans

Long-term, forward-looking approaches with overarching goals and objectives that guide the direction of an organization.

Grand Strategy

A comprehensive, long-term plan that outlines an organization's or nation's overarching goals and the means to achieve them.