Use Holt-Winters multiplicative method to create a seasonal model that minimizes the MSE for the data set.
Question:
Use Holt-Winter’s multiplicative method to create a seasonal model that minimizes the MSE for the data set. Use Solver to determine the optimal values of a, b, and g.
a. What are the optimal values of a, b, and g?
b. Prepare a line graph comparing the predictions from this method against the original data.
c. What are the forecasts for each of the next 6 months using this technique?
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Related Book For
Spreadsheet Modeling And Decision Analysis A Practical Introduction To Business Analytics
ISBN: 9781305947412
8th Edition
Authors: Cliff T. Ragsdale
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