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

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