# John Taylor Salons wants to forecast monthly customer demand from June through Ausgust using...

## Question:

John Taylor Salons wants to forecast monthly customer demand from June through Ausgust using trend adjusted exponential smoothing. Given a=0.2, b=0.4, F{eq}_{May} {/eq}=45 and a T{eq}_{May} {/eq}=0, forecast a FIT for months June

month Actual sales Unadjusted F Trend Adjusted F
May 50 45 0
June 61 46 .4 64.4
July 73 49 1.44 50.44
August 80 53.8 2.78 56.58

Step 1 - unadjusted forecast Ft+1

Step 2 - trend Tt+1

Step 3 - add Ft+1 and Tt+1

## Forecasting Method:

The method of forecasting helps the organization in analyzing financial data for predicting future revenue. The different types of forecasting method 1) Judgmental Model 2) Time-Series Method 3) Causal Method. The judgemental method includes the Delphi method. Time Series Method includes moving average, exponential, and Seasonability methods. The casual method includes regression analysis.

## Answer and Explanation:

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iven data

a = 0.2

b = 0.4

{eq}\alpha = 0.2\\ \beta = 0.4\\ {/eq}

Trend adjusted exponential smoothing

{eq}F_{t} = \alpha(A_{t-1}) + (1-\alpha)...

See full answer below.

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Identifying & Describing Weather Forecasting Methods & Types

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The weather can be forecasted using many different methods. Learn how to identify and describe the types of weather forecasting: persistence forecasting, synoptic forecasting, statistical forecasting, and computer forecasting.