Question: Consider the given dataset: table [ [ Year , Quarter,Demand,Year,Quarter,Demand ] , [ 1 , 1 , 5 1 3 , 3 , 1
Consider the given dataset:
tableYearQuarter,Demand,Year,Quarter,Demand
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!
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