Given the following sales data: week 1: 203 week 2: 185 week 3: 164 week 4: 151 week 5: 115 Forecast sales for week 6 using Holt's model with: alpha = 0.3 beta = 0.4 %3D %3D Use L(2) = A(2) and T(2) = A(2) A(1) to initialize the model. %3D Your Answer: Answer

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Given the following sales data:
week 1: 203
week 2: 185
week 3: 164
week 4: 151
week 5: 115
Forecast sales for week 6 using Holt's model with:
alpha = 0.3
beta = 0.4
Use L(2) = A(2) and T(2) = A(2) - A(1) to initialize the model.
%3D
Your Answer:
Answer
Transcribed Image Text:Given the following sales data: week 1: 203 week 2: 185 week 3: 164 week 4: 151 week 5: 115 Forecast sales for week 6 using Holt's model with: alpha = 0.3 beta = 0.4 Use L(2) = A(2) and T(2) = A(2) - A(1) to initialize the model. %3D Your Answer: Answer
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