Question: Refer to Exercise 14.7 and the data on U.S. beer production (in millions of barrels) for the years 2004-2015. a. Use the 2004-2013 values to

Refer to Exercise 14.7 and the data on U.S. beer production (in millions of barrels) for the years 2004-2015.
a. Use the 2004-2013 values to forecast the 2014 and 2015 production, using simple exponential smoothing with w = .3. Repeat with w = .7.
b. Use Holt's model with w = .7 and v = .3 to forecast production in 2014 and 2015. Repeat with w = .3 and v = .7.

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