Question: ( 6 0 points ) Demand data for two years is provided below. a ) Make initial estimates of level, slope, and seasonal factors. b

(60 points) Demand data for two years is provided below.
a) Make initial estimates of level, slope, and seasonal factors.
b) Use the (Winter's) triple-exponential smoothing method to produce a forecast for each month in year 3 from the end of year 2.
c) Produce a forecast for the remaining 11 months of year 3 after observing demand for the first month of year 3 as 14. Use smoothing constants =0.2,=0.1,=0.1.
\table[[Month,Year 1,Year 2],[Jan,15,16],[Feb,22,16],[Mar,40,45],[Apr,52,44],[May,76,86],[Jun,130,156],[Jul,110,130],[Aug,89,84],[Sep,67,55],[Oct,47,48],[Nov,19,15],[Dec,20,24]]
 (60 points) Demand data for two years is provided below. a)

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