Question: 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

Use Holt's method to create a model that minimizes the MSE

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 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?

A B C 1 Year 3 1 2 3 4 5 6 4 7 2 3 4 5 6 7 8 9 10 11 Sales 283 288 336 388 406 412 416 435 428 435 462 452 474 476 497 487 523 528 532 552 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 12 13 14 15 16 17 18 19 20 A B C 1 Year 3 1 2 3 4 5 6 4 7 2 3 4 5 6 7 8 9 10 11 Sales 283 288 336 388 406 412 416 435 428 435 462 452 474 476 497 487 523 528 532 552 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 12 13 14 15 16 17 18 19 20

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