Recent Past Demand for Product ZXT Is Given in the Following

question 5

Short Answer

Recent past demand for product ZXT is given in the following table.
$$\begin{array} { | c | c | } \hline \text { Month } & \begin{array} { c } \text { Actual } \\\text { Demand }\end{array} \\\hline \text { February } & 20 \\\hline \text { March } & 22 \\\hline \text { April } & 33 \\\hline \text { May } & 35 \\\hline \text { June } & 31 \\\hline \text { July } & 48 \\\hline \text { August } & 41 \\\hline\end{array}$$
-Determine the forecasted demand for April and May based on adjusted exponential smoothing with α = .2, β = .3, a February forecast of 20, and T=0.

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