Question: Monthly demand at A&D Electronics for flat-screen TVs are as follows Estimate demand for the next two weeks using simple exponential smoothing with a =

Monthly demand at A&D Electronics for flat-screen TVs are as follows

Estimate demand for the next two weeks using simple exponential smoothing with a = 0.3 and Holt's model with a = 0.0 5 and b = 0.1. For the simple exponential smoothing model, use the level at Period 0 to be L 0 = 1,659 (the average demand over the 12 months). For Holt's model, use level at Period 0 to be L 0 = 948 and the trend in Period 0 to be T 0 = 109 (both are obtained through regression). Evaluate the MAD, MAPE, MSE, bias, and TS in each case. Which of the two methods do you prefer? Why?

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 Mathematics Questions!