Assuming that after analyzing two years, 8 time periods of quarterly demand data with four seasons each year, we estimate that the seasonal factors are: S1: 1.03, S2: 0.92, S3: 0.88, and S4: 1.32. The estimated level for the last time period L8 = 132 and T8 = 5 , compute forecast for the time period "10" F10=? (Two-decimal points)

Assuming that after analyzing two years, 8 time periods of quarterly demand data with four seasons each year, we estimate that the seasonal factors are: S1: 1.03, S2: 0.92, S3: 0.88, and S4: 1.32. The estimated level for the last time period L8 = 132 and T8 = 5 , compute forecast for the time period "10" F10=? (Two-decimal points)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...

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