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Question 2 Historical demand for Peeps is as displayed in the table. Month January February March April May June July August September Demand 11 18 31 39 44 53 67 82 96 Develop forecasts from June through October using these techniques: moving average of two period, simple exponential smoothing with an alpha of 0.8, and Holt's method with alpha=0.2 and beta-0.1. For the exponential smoothing model assume that the forecast for May is the actual demand for May. For Holt's model, the level and trend for May are assumed to be 44 and 12. Judge which forecast method is the best based on MAD.

Question 2 Historical demand for Peeps is as displayed in the table. Month January February March April May June July August September Demand 11 18 31 39 44 53 67 82 96 Develop forecasts from June through October using these techniques: moving average of two period, simple exponential smoothing with an alpha of 0.8, and Holt's method with alpha=0.2 and beta-0.1. For the exponential smoothing model assume that the forecast for May is the actual demand for May. For Holt's model, the level and trend for May are assumed to be 44 and 12. Judge which forecast method is the best based on MAD.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question 2 Historical demand for Peeps is as displayed in the table. Month January February March April May June July August September Demand 11 18 31 39 44 53 67 82 96 Develop forecasts from June through October using these techniques: moving average of two period, simple exponential smoothing with an alpha of 0.8, and Holt's method with alpha=0.2 and beta=0.1. For the exponential smoothing model assume that the forecast for May is the actual demand for May. For Holt's model, the level and trend for May are assumed to be 44 and 12. Judge which forecast method is the best based on MAD.
Transcribed Image Text:Question 2 Historical demand for Peeps is as displayed in the table. Month January February March April May June July August September Demand 11 18 31 39 44 53 67 82 96 Develop forecasts from June through October using these techniques: moving average of two period, simple exponential smoothing with an alpha of 0.8, and Holt's method with alpha=0.2 and beta=0.1. For the exponential smoothing model assume that the forecast for May is the actual demand for May. For Holt's model, the level and trend for May are assumed to be 44 and 12. Judge which forecast method is the best based on MAD.
Please take the average for april may and june to forcast for june and calulate the rest with the same reference
Transcribed Image Text:Please take the average for april may and june to forcast for june and calulate the rest with the same reference
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