Question

A car dealer in Big Rapids, Michigan is using Holt’s method to forecast weekly car sales....

A car dealer in Big Rapids, Michigan is using Holt’s method to forecast weekly car sales. Currently the level is estimated to be 40 cars per week, and the trend is estimated to be 5 cars per week. During the current week, 20 cars are sold. After observing the current week’s sales, forecast the number of cars three weeks from now.

Use a = B = 0.20

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