Question: Student's Name and ID #: A ) Plot the demand for both products. What is the number of seasons ( p ) ? Given
Student's Name and ID #:
A Plot the demand for both products. What is the number of seasons p Given the plots, which forecasting methods do you recommend for predicting the demand for each product? Why?
B Use the Static method to forecast demand for product for periods to What is the value of MAPE in period use the average seasonal factors to forecast demand for periods to just as you do for periods to when estimating the forecast errors
C Use Holt's model to forecast the demand for product for periods to assuming alpha and beta What is the value of MAPE in period
D
i Use Winter's model to forecast the demand for product for periods to assuming alpha and beta and gamma
ii What is the value of MAPE in period
iii Determine the Tracking Signal TS for periods to and assess whether the forecast is biased based on a threshold of pm Provide justification for your conclusion.
E Identify the optimal values for alphabeta and gamma for Winter's model. Note: Initial values for alphabeta and gamma are not required, as the solver will iteratively adjust these parameters to minimize the forecast MAPE.
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