Question: Winters method. Start with the following initial estimates at time 0: Level=767.79; Trend=17.87; Seasonal factors for seasons 1 to 4 = 0.70, 0.76, 0.86, and
Winters method. Start with the following initial estimates at time 0: Level=767.79; Trend=17.87; Seasonal factors for seasons 1 to 4 = 0.70, 0.76, 0.86, and 0.66. Assume =0.1, =0.1, =0.1. Use year 1 quarter 1 actual to update your level, trend, and seasonal estimates. Show all calculations clearly and write down all equations. Identify the season for your seasonal factor calculation
Year Quarter Sales
| 1 | 1 | 544 |
| 2 | 582 | |
| 3 | 681 | |
| 4 | 557 | |
| 2 | 1 | 628 |
| 2 | 707 | |
| 3 | 773 | |
| 4 | 592 | |
| 3 | 1 | 627 |
| 2 | 725 | |
| 3 | 854 | |
| 4 | 661 |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
