The Morgan Company is interested in developing a forecast for next month's sales. It has collected sales data for the past 12 months.
Month Sales
1 100
2 120
3 90
4 150
5 170
6 150
7 180
8 205
9 220
10 195
11 230
12 240
After analyzing these data, if the company wishes to use double exponential smoothing with alpha = 0.20 and beta = 0.20, the starting values for the constant process and the trend process can be derived from a linear trend regression model by using the intercept and slope coefficient respectively.
Indicate whether the statement is true or false
Question 2
One of the roles of managers who are overseeing the statistical process control analysis is to set the control limits at the desired levels prior to collecting data from the process.
Indicate whether the statement is true or false
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