Question: For the Bakery Shop, using the first two weeks data as given on slides of forecasting lecture, Apply double exponential smoothing forecasting method considering seasonality

For the Bakery Shop, using the first two weeks data as given on slides of forecasting lecture,
Apply double exponential smoothing forecasting method considering seasonality
(deseasoning/reseasoning).(\alpha =0.1,\beta =0.1)
Apply Winters forecasting method (\alpha =0.1,\beta =0.1,\gamma =0.1)
Describe the implementation details of both methods, evaluate the methods using the remaining
demand data for 24 days. Submit your HW through LMS.
Note:
(1) In applying DES, you may obtain initial slope and intercept as you get in Winters method. Use the
first two weeks data for this purpose. Consider deseasoning and reseasoning as we have applied
with MA in lecture.
(2) In applying Winters, use its usual procedure as explained in the lecture.
(3) Evaluate your 24 estimation using MAD and MSE for both methods.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!