Question: a . After obtaining initial estimates for level, trend and seasonal factors, forecast demand for year 5 using Winter s model with alpha =
aAfter obtaining initial estimates for level, trend and seasonal factors, forecast demand for year using Winters model with alpha beta and gamma Consider the given dataset:
a After obtaining initial estimates for level, trend and seasonal factors, forecast demand for year using
Winter's model with and
b Compute MAD, MSE and MAPE, bias and Tracking Signal for the forecast.
c Can you find values of and that result in a lower MAD? How? Show your calculations.
NOTE: You should use MS Excel in order to answer these questions. Submit your excel working file!bCompute MAD, MSE and MAPE, bias and Tracking Signal for the forecast. cCan you find values of alpha beta and gamma that result in a lower MAD?How? Show your calculations. NOTE: You should use MS Excel in order to answer thesequestions. Submit your excel working file!
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