Question
Here is the data for M8 Lab. Please calculate a model to forecast for 19,20,21 and 22. What is the projected margin of error Period
Here is the data for M8 Lab.
Please calculate a model to forecast for 19,20,21 and 22. What is the projected margin of error
Period QuarterActual
1 1 119
2 2 133
3 3 167
4 4 186
5 1 187
6 2 167
7 3 196
8 4 207
9 1 201
10 2 215
11 3 276
12 4 248
13 1 269
14 2 301
15 3 342
16 4 291
17 1 207
18 2 300
Using excel:
A. Explain and graph the data using the Holt-Winter's Model
B- Calculate an example a graph that uses the Holt-Winter's Model graph which compares how the model "tracks" actuals
C- Explain and calculate the projected errors for the 4 forecasts for each of the various smoothing constants ( please show and explain the algorithmically increment).
D- please calculate and explain the model graph results as it compares to actual for the worst set of smoothing constants as it relates to your errors.
E-Please calculate and explain the graph results as it compares to actualfor the best set of smoothing constants as it relates to your errors.
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