Question: please explain how to solve on excel 4.8 Union Gas reports the following (normalized) figures for gas consumption by households in a metro- politan area

please explain how to solve on excel

4.8 Union Gas reports the following (normalized) figures for gas consumption by households in a metro- politan area of Ontario:

a. Using a simple (single) exponential smoothing model (with a = 0.10), determine the forecast for consumption in (1) February 1997 and (2) June 1998. b. Do the same using the Winters seasonal smooth- ing model with w = 0.20, BHW = 0.05 and YHW 0.10. Use the first two years of data for initializa- tion purposes. c. Plot the demand data and the two sets of fore- casts roughly to scale. Does there appear to be a point of abrupt change in the demand pattern? Discuss your results briefly.

please explain how to solve on excel 4.8 Union Gas reports the

following (normalized) figures for gas consumption by households in a metro- politan

area of Ontario: a. Using a simple (single) exponential smoothing model (with

a = 0.10), determine the forecast for consumption in (1) February 1997

4.8 Union Gas reports the following (normalized) figures for gas consumption by households in a metropolitan area of Ontario: a. Using a simple (single) exponential smoothing model (with =0.10 ), determine the forecast for consumption in (1) February 1997 and (2) June 1998. b. Do the same using the Winters seasonal smoothing model with HW=0.20,HW=0.05 and HW= 0.10 . Use the first two years of data for initialization purposes. c. Plot the demand data and the two sets of forecasts roughly to scale. Does there appear to be a point of abrupt change in the demand pattern? Discuss your results briefly. A B C D H K L Level Only Level \& Trend 1 2 3 4 5 6 7 (0.1) (0.1,0.05) MD \begin{tabular}{|l|l|} \hline-19.66414286 & -8.459467007 \end{tabular} MAD 69.2009266469.30221341 RMSE 79.4556132581.4845185 MPE 118.19% 103.97% Shows relative BIAS MAPE 142.63% 135.10\% Shows relative ACCURACY 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 1.142.63%

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