Question: 3. Develop forecasts for June through October using these techniques: moving average of three period, simple exponential smoothing, and Holt's method (trend-corrected exponential smoothing). (10
3. Develop forecasts for June through October using these techniques: moving average of three period, simple exponential smoothing, and Holt's method (trend-corrected exponential smoothing). (10 points)
Historical demand for Peeps is as displayed in the table.
| Month | Demand |
| January | 40 |
| February | 43 |
| March | 50 |
| April | 42 |
| May | 55 |
| June | 58 |
| July | 62 |
| August | 65 |
| September | 70 |
1. Develop forecasts for June through October using the Holt's method (trend-corrected exponential smoothing). For Holt's model the regression equation has an intercept of 38.0 (FJan=38.0) and a trend component of 4.0 (TJan=4.0). Beta = 0.3 and alpha = 0.2.
2. Evaluate the three forecasts using the accuracy measure MAD for only June-September. Identify the forecasting method which is the most accurate and comment on the use of these three methods to generate a forecast in this situation.
I need help with solving the problem as well and more importantly how to setup the table in excel and what formulas to use.
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