Question: Determine the values of alpha and beta when optimizing for MAD. ( Note: no need to linearize the model; you can use the Evolutionary method

  1. Determine the values of alpha and beta when optimizing for MAD. (Note: no need to linearize the model; you can use the Evolutionary method provided by Excel Solver) Determine the values of alpha and beta when
Date Demand Forecast Level 1 37 Trend 37 Alpha Beta 0.3 0.4 23 23 2 60 60 60 3 3 85 83 84 23 4 112 108 24 107 132 5 5 132 132 24 6 145 156 153 7 179 175 176 23 23 23 198 199 199 8 9 9 150 222 200 14 10 132 214 190 4 11 194 12 198 13 203

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