-What Is This Year's Forecast Using Trend Adjusted (Double)smoothing with Alpha(1)=

question 119

Short Answer

-What is this year's forecast using trend adjusted (double)smoothing with alpha(1)= 0.2 and alpha(2)= 0.1,if the forecast for last year was 56,the forecast for two years ago was 46,and the trend estimate for last year's forecast was 7?

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Definitions:

Formalization

The extent to which an organization uses rules, procedures, and standards to govern its activities and employee behavior.

Incremental Moves

Small, gradual changes or advancements towards a goal, rather than large, dramatic leaps.

Organizational Flexibility

The ability of an organization to adapt to changes, restructure operations, and innovate to meet new challenges.

Complexity

Refers to the state of having multiple interconnected parts, which may make a system or process difficult to understand, predict, or manage.