The owner of a small brewery in Milwaukee, Wisconsin, is using Winterss method to forecast his quarterly
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The owner of a small brewery in Milwaukee, Wisconsin, is using Winters’s method to forecast his quarterly beer sales. He has been using smoothing constants of
.2, .2, and .2. He has currently obtained the following values of the various slope, intercept, and seasonal factors: S10 120, G10 14, c10 1.2, c9 1.1, c8 .8, and c7 .9.
a. Determine the forecast for beer sales in quarter 11.
b. Suppose that the actual sales turn out to be 128 in quarter
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Related Book For
Production And Operations Analysis
ISBN: 9781478623069
7th Edition
Authors: Steven Nahmias, Tava Lennon Olsen
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