Question 2 Historical demand for Peeps is as displayed in the table. Month January February March April May June July August September Demand 11 18 31 39 44 53 67 82 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.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Question 2
Historical demand for Peeps is as displayed in the table.
Month
January
February
March
April
May
June
July
August
September
Demand
11
18
31
39
44
53
67
82
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.
Transcribed Image Text:Question 2 Historical demand for Peeps is as displayed in the table. Month January February March April May June July August September Demand 11 18 31 39 44 53 67 82 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.
Please take the average for april may and june to
forcast for june and calulate the rest with the
same reference
Transcribed Image Text:Please take the average for april may and june to forcast for june and calulate the rest with the same reference
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