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For the Bakery Shop, using the first two weeks data as given on slides of forecasting lecture, Apply double exponential smoothing forecasting method considering seasonality
For the Bakery Shop, using the first two weeks data as given on slides of forecasting lecture,
Apply double exponential smoothing forecasting method considering seasonality
deseasoningreseasoning
Apply Winter's forecasting method
Describe the implementation details of both methods, evaluate the methods using the remaining
demand data for days. Submit your HW through LMS
Note:
In applying DES, you may obtain initial slope and intercept as you get in Winter's method. Use the
first two weeks data for this purpose. Consider deseasoning and reseasoning as we have applied
with MA in lecture.
In applying Winter's, use its usual procedure as explained in the lecture.
Evaluate your estimation using MAD and MSE for both methods.
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