Use Exponential Smoothing with Trend Adjustment to Forecast Deliveries for Period

question 105

Essay

Use exponential smoothing with trend adjustment to forecast deliveries for period 10. Let alpha = 0.4, beta = 0.2, and let the initial trend value be 4 and the initial forecast be 200.
$$\begin{array} { | c | c | } \hline \underline { \text { Period } } & \underline { \text { Actual } } \\ & \underline { \text { Demand } } \\\hline 1 & 200 \\\hline 2 & 212 \\\hline 3 & 214 \\\hline 4 & 222 \\\hline 5 & 236 \\\hline 6 & 221 \\\hline 7 & 240 \\\hline 8 & 244 \\\hline 9 & 250 \\\hline\end{array}$$

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Definitions:

Planter Families

Wealthy families in the American South before the Civil War, who owned large plantations and numerous slaves to work on these estates.

Physical Labor

refers to work that involves manual, bodily effort; tasks that demand physical strength, as opposed to mental or clerical work.

Economic Revival

A period of renewed economic growth and increased prosperity following a downturn or recession.

Garrison Frazier

A former slave and notable figure in African American history, who became a spokesperson for the freedmen's community during the Civil War era.