A manufacturer of printed circuit boards uses exponential smoothing with trend t

Question

A manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. At the end of December, the company wishes to forecast sales for January. The estimate of trend through November has been 200 additional boards sold per month. Average sales have been around 1000 units per month. The demand for December was 1100 units. The company uses ? = 0.20 and ? = 0.10. Make a forecast including trend for the month of January. (Round your answers to 0 decimal places, the tolerance is +/-2.) The level of the series is units. The trend is units. The forecast including trend is units.

Explanation / Answer

The solution contains demand forecasting using Exponential smoothing.

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