Question: This is the data set: Year Sales 1 283 2 288 3 336 4 388 5 406 6 412 7 416 8 435 9 428

This is the data set:

Year Sales
1 283
2 288
3 336
4 388
5 406
6 412
7 416
8 435
9 428
10 435
11 462
12 452
13 474
14 476
15 497
16 487
17 523
18 528
19 532
20 552

Use Holt's method to create a model that minimizes the MSE for the data set. Use Solver to determine the optimal values of a and .

a. What are the optimal values of a and ?

b. Prepare a line graph comparing the predictions from Holt's method versus the original data.

c. What are the forecasts for the next 2 years using this technique?

Please explain and show all steps of the process including excel, solver, etc.

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