Question: 2 . ( mathbf { ( 1 5 + 1 5 ) } ) Spools'R'Us Manufacturing company produces different types of spools.
mathbf Spools'R'Us Manufacturing company produces different types of spools. Demands for bob spools in units over the last months are as follows:
a Qualified for short time forecasting period, the industrial engineer of Spools'R'Us decided to use simple exponential smoothing methods for forecasting. For this data set, determine the optimal alpha value with two decimal place variations ONLY.
b With the optimal alpha value you determined in part a if adjusted exponential smoothing method is preferred, for this data set, determine the optimal beta value with two decimal place variations ONLY.
Note: This manufacturing company uses percentage deviation MAPD as a tool for justifying and utilizing a specific technique andor a set of parameters.
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