Question: please use excel and show formulas Question 2) Quarterly demand values for flowers at a wholesaler are as shown below. Forecast quarterly demand for year

please use excel and show formulas please use excel and show formulas Question 2)
please use excel and show formulas Question 2)
Question 2) Quarterly demand values for flowers at a wholesaler are as shown below. Forecast quarterly demand for year 5 using simple exponential smoothing with a=0.1 as well as Holt's model with a=0.1 and B=0.1. Which of the two methods do you prefer? Why? (Hint: You need to use accuracy measures). Table 1 - Quarterly Demand (in Thousand dollars) Year 1 Quarter 1 11 Demand ($000) 98 106 109 =- 133 N 1 11 111 130 116 133 116 138 130 147 141 144 142 165 173 Monthly demand at A&D Electronics for flat screen TVs are as follows: Month Demand (units) 1 1,000 2 1,113 3 1,271 4 1,445 5 1,558 6 1,648 7 1,724 8 1,850 9 1,864 10 2,076 11 2,167 12 2,191 Estimate demand for the next two months using simple exponential smoothing with a=0.3 and Holt's model with a=0.05 and B=0.1. For the simple exponential smoothing model, use the level at Period 0 to be LO = 1,659 (the average demand over the 12 months). For Holt's model, use level at Period 0 to be LO = 948 and the trend in Period 0 to be TO = 109. Evaluate the MAD, MAPE, MSE, bias, and TS in each case. Which of the two methods do you prefer? Why

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