Question: Question 1. [18 points] The weekly demand for the Yummy Bread Bakery is forecasted using Double Exponential Smoothing (DES), with intercept and slope at the

Bakery is forecasted using Double Exponential Smoothing (DES), with intercept and slope

Question 1. [18 points] The weekly demand for the Yummy Bread Bakery is forecasted using Double Exponential Smoothing (DES), with intercept and slope at the end of week 1 given as, S1=500 and G1=5 (negative 5), respectively. Assume that alpha =0.25 and beta =0.2. a. [3pt] What is the one-step ahead forecast made in Week 1 for Week 2? b. [4pt] What is the multi-step ahead forecast made in Week 1 for Week 5 ? c. Suppose that the actual demand in Week 2 was 600 . i. [8pt] Update the parameters of the Double Exponential Smoothing to determine S2 and G2

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