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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

MonthYear 1Year 2
January197296
February211276
March203305
April247308
May239356
June269393
July308363
August262386
September258443
October256308
November261358
December288384
image text in transcribed
FIGURE 6.4 450 JMP IN plot of E calculator sales 400 versus time 350 (months) 300 Calculator sales 250 200 150 0 15 20 25 UT 10 Time

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