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Amalgamated products which produces chemical materials has the following demand pattern for one of its key products. Weekly demand data is show below: Week Demand

Amalgamated products which produces chemical materials has the following demand pattern for one of its key products. Weekly demand data is show below:

Week Demand
1 1000
2 1050
3 1100
4 1300
5 1420
6 1350
7 1500
8 1430
9 1600
10 1540
11 1700
12 1620
13 1900
14 1810
15 2100

  1. Apply the Holt's Model in forecasting the demand for period 16
  2. What are the optimal values for alpha and beta?
    1. Level (alpha) -t=yt+(1)(t1+bt1)
    2. Trend (beta) - bt=(tt1)+(1)bt1

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