Use Holts method to create a model that minimizes the MSE for the data set Use Solver to estimate the optimal values of and a What are the optimal values of and b Prepare a line graph comparing the predictions from Holts method against the original data c What are the forecasts for the next four mo...

a 06517 0091 b Base Predicted alpha 065173 Year Month Period CLFL Level Trend CLFL beta 0091 1998 Jan 1 132038 132038 000 Feb 2 132115 132088 456 1320380 MSE 695019 Mar 3 132108 132103 546 1320927 Apr ...

Use Holts method to create a model that minimizes the MSE for the data set. Use Solver

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Use Holt’s method to create a model that minimizes the MSE for the data set. Use Solver to estimate the optimal values of α and β.

a. What are the optimal values of α and β?

b. Prepare a line graph comparing the predictions from Holt’s method against the original data.

c. What are the forecasts for the next four months using this technique?

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Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

ISBN: 978-0324656633

5th edition

Authors: Cliff T. Ragsdale

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Question Posted: Nov 03, 2012 06:23 AM

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Use Holts method to create a model that minimizes the MSE for the data set. Use Solver

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a 06517 0091 b Base Predicted alpha 065173 Year Month Period CLFL Level Trend CLFL beta 0091 1998 Jan 1 132038 132038 000 Feb 2 132115 132088 456 1320380 MSE 695019 Mar 3 132108 132103 546 1320927 Apr ...View the full answer

Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

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