TOD Chevy is using Holt’s method to forecast weekly car sales. Currently, the level of the series…

TOD Chevy is using Holt’s method to forecast weekly car sales. Currently, the level of the series is estimated to be 50 cars per week, and the trend is estimated to be six cars per week. During the current week, 30 cars are sold. After observing the current week’s sales, forecast the number of cars sold one week from now; two weeks from now; three weeks from now. Use  α = ß = 0.3.

 

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