The following table represents the new members that have been acquired by a fitness center
Month New members
Jan 45
Feb 60
March 57
April 65
Assuming ? = 0.3, ? = 0.4, an initial forecast of 40 for January, and an initial trend adjustment of 0 for January, use exponential smoothing with trend adjustment to come up with a forecast for May on new members.
Month New members Ft Tt FITt
Jan 45 40 0 40
Feb 60 41.5 0.6 42.1
March 57 47.47 2.748 50.218
April 65 52.2526 3.56184 55.81444
May 58.57011 4.664107 63.23422
May forecast = 58.57
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