What Is the Forecast for This Year Using Trend Adjusted

question 129

Multiple Choice

What is the forecast for this year using trend adjusted (double) smoothing with alpha(1) = .05 and alpha(2) = 0.3,if the forecast for last year was 21,000,the forecast for two years ago was 19,000,and the trend estimate for last year's forecast was 1,500?

• A) 18,750
• B) 19,500
• C) 21,000
• D) 22650
• E) 22,800

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Definitions:

Ripe Mangoes

Mangoes that have reached full maturity, characterized by sweetness, juiciness, and a soft texture.

Fruit

The sweet and fleshy product of a tree or other plant that contains seed and can be eaten as food.

Margin of Error

An expression of the amount of random sampling error in a survey's results, representing how much the survey results are expected to differ from the true population value.

Confidence Interval

An interval of values calculated from sample data that has a specified probability of including the accurate population parameter.