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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 Ft+k = at + btk,identify the value that signifies the trend.
Original Cost
The initial price paid to acquire an asset before any depreciation or amortization.
Net Income
The earnings a company retains following the deduction of all costs and taxes from its overall income.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since it was put into use, subtracted from its original cost on the balance sheet.
Delivery Truck
A vehicle used by businesses primarily for transporting goods to customers or between locations.
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