Quarterly demand for vegetables at a wholesaler are as shown. Forecast quarterly demand for year 5 using

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Quarterly demand for vegetables at a wholesaler are as shown.

Forecast quarterly demand for year 5 using simple exponential smoothing with α = 0.1 as well as Holt’s model with α = 0.1 and β =

0.1. Which of the two methods do you prefer? Why?

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