Historical demand for Peeps is as displayed in the table. Month Demand January 11 February 18 March 31 April 39 May 44 June 53 July 67 August 82 September 96 Develop forecasts from June through October using these techniques: moving average of two period, simple exponential smoothing with an alpha of 0.8,
Historical demand for Peeps is as displayed in the table. Month Demand January 11 February 18 March 31 April 39 May 44 June 53 July 67 August 82 September 96 Develop forecasts from June through October using these techniques: moving average of two period, simple exponential smoothing with an alpha of 0.8,
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 35EQ
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Historical demand for Peeps is as displayed in the table.
Month Demand
January 11
February 18
March 31
April 39
May 44
June 53
July 67
August 82
September 96
Develop forecasts from June through October using these techniques: moving average of two
period, simple exponential smoothing with an alpha of 0.8, and Holt's method with alpha=0.2
and beta=0.1. For the exponential smoothing model assume that the forecast for May is the
actual demand for May. For Holt's model, the level and trend for May are assumed to be 44 and
12. Judge which forecast method is the best based on MAD.
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