Question: 3 - month Period Demand ( units ) Jan - Mar 2 0 2 2 3 2 0 0 Apr - Jun 2 0 2
month Period Demand units JanMar AprJun JulSep OctDec JanMar AprJun JulSep OctDec Using Winters method, calculate the onestep and twostep demand forecasts for the upcoming two month periods ie JanMar and AprJun Show each step of your work. Suppose that the demand for AprJun turns out to be units. What is the MAPE value for your twoperiodahead forecasts? That means you can only use your AprJun forecast from part aa Using Winter's method, calculate the onestep and twostep demand forecasts for the upcoming two
month periods ie JanMar and AprJun Show each step of your work.
b Suppose that the demand for JanMar turns out to be units. Update the forecasting model
using the following smoothing parameters: level of trend of and seasonality of
Using the updated model, forecast the demand for AprJun
c Suppose that the demand for AprJun turns out to be units. What is the MAPE value for
your oneperiodahead forecasts? That means you must use your JanMar forecast from part a
and AprJun forecast from part b
d Suppose that the demand for AprJun turns out to be units. What is the MAPE value for
your twoperiodahead forecasts? That means you can only use your AprJun forecast from part
a
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