Question: Use Holts method to create a model that minimizes the MSE for the data set. Use Solver to determine the optimal values of and

Use Holt’s method to create a model that minimizes the MSE for the data set. Use Solver to determine the optimal values of α and β.

a. What are the optimal values of α and β?

b. Prepare a line graph comparing the predictions from Holt’s method versus the original data.

c. What are the forecasts for the next two years using this technique?

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