Homework 2 Fall 2018 Word Review View Tell me what you want to do I r: . A- ! .

Question

Homework 2 Fall 2018 Word Review View Tell me what you want to do I r: . A- ! . l tNormal!!No Spac." Heading 1 Heading 2 Title Subtit 1) Demand data for two years is provided below which you should use to make initial a) Then use the (Winter's) triple-exponential smoothing method to produce a b) Next, produce a forecast for the remaining 11 months of year 3 after observing Paragraph Styles estimates of level, slope, and seasonal factors. forecast for each month in year 3 from the end of year2 demand for the first month of year 3 as 19. Use smoothing constants 0.2,B 0.1,y 0.1 (60 points). Month Jan Feb Mar Apr a Year 1 12 18 36 53 79 Year 2 16 14 46 48 May134 Jun Jul Aug Sep Oct Nov Dec 160 130 83 52 49 14 26 112 90 45 23 21

Explanation / Answer

We use MINITAB software to obatin

a) forecast of year 3

b) when setting first observation of year 3 as 19 the remaining 11 observations are

Period Forecast Lower Upper jan 14.23 2.333 26.127 feb 16.231 4.147 28.315 mar 41.38 29.089 53.672 apr 50.861 38.341 63.38 may 83.862 71.095 96.629 jun 147.283 134.251 160.316 jul 121 107.685 134.316 aug 86.38 72.765 99.994 sep 58.809 44.882 72.737 oct 46.832 32.576 61.088 nov 18.361 3.764 32.957 dec 23.397 8.448 38.347

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.