Question: solve using excel solver (urgent) Monthly demand at A&D electronics for flat-screen TVs are as shown. Estimate demand for the next two months using simple
solve using excel solver (urgent)
Monthly demand at A\&D electronics for flat-screen TVs are as shown. Estimate demand for the next two months using simple exponential smoothing with =0.3 and Holt's model with =0.05 and =0.1. For the simple exponential smoothing model, use the level at Period 0 to be L0=1659 (the average demand over the 12 months). For Holt's model, use level at Period 0 to be L0=948 and the trend in Period 0 to be T0=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 based on the result obtained through MSE? Why
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