-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?

---

Definitions:

Normal Debit Balance

Refers to the side (debit or credit) on which an account will typically report a balance, with assets and expenses usually having a normal debit balance.

Recorded By Credits

Transactions that increase liabilities, equity, or revenue, or decrease assets or expenses, reflected in the accounting records.

Increases

A rise in the value or quantity of something, such as assets, revenue, or profits.

Recorded By Debits

Transactions in accounting that increase assets or expenses and decrease liabilities, equity, and revenue, captured on the left side of an account.