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Consider the calculator sales in Table 6.2 and Figure 6.4 of Chapter 6. a. find the initial values l 0 and b 0 by using
Consider the calculator sales in Table 6.2 and Figure 6.4 of Chapter 6.
a. find the initial values l0 and b0 by using Excel or some other statistical package to fit a straight line to the first half of the data.
b. Set up an Excel spreadsheet to perform Holt's trend corrected exponential smoothing.
c. Use Solver to find the values of?? that minimize the SSE.
d. Find point forecasts and 95% prediction intervals for January, February, and March of year 3.
Table 6.2 Calculator Sales Data
Month | Year 1 | Year 2 |
January | 197 | 296 |
February | 211 | 276 |
March | 203 | 305 |
April | 247 | 308 |
May | 239 | 356 |
June | 269 | 393 |
July | 308 | 363 |
August | 262 | 386 |
September | 258 | 443 |
October | 256 | 308 |
November | 261 | 358 |
December | 288 | 384 |
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