Question & Answer: Given the data shown below, use α = .2 and β = .4 to create a trend enhanced smoothing…

Given the data shown below, use α = .2 and β = .4 to create a trend enhanced smoothing based forecast for period 7. Assume that FIT1 = 22 and T1 = 7.83. (Round your intermediate calculations and final answer to 1 decimal place.)

Period: 1 2 3 4 5 6 Demand: 19 33 37 49 52 60