Use the Dixi Montreal data from 2014 to 2016.1. Find the initial parameter values for the Winters' method.2. Estimate demand for year 2017. Time Series Demand ForecastingApr-14108,264May-14455,261Jun-14525,863Jul-14569,352Aug-14556,780Sep-14477,545Oct-14331,818Nov-14111,393Apr-15May-15150,271545,678Jun-15547,238Jul-15620,865Aug-15Sep-15597,505523,322Oct-15332,597Nov-15126,407Apr-16May-16194,514573,739Jun-16645,448Jul-16716,335Aug-16Sep-16688,174632,218Oct-16397,707Nov-16151,945Apr-17May-17196,327589,852Jun-17748,078Jul-17877,338859,471Aug-17Sep-17747,633Oct-17569,930Nov-17151,728

Find the given details below: Given details: Month Demand Apr-14 108264 May-14 455261…

Answered: Use the Dixi Montreal data from 2014 to…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Use the Dixi Montreal data from 2014 to 2016. 1. Find the initial parameter values for the Winters' method. 2. Estimate demand for year 2017.