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Monthly demand for MOHAMMAD Corporation is given in the table below. Forecast the monthly demand for the next four months using Winter's model with
Monthly demand for MOHAMMAD Corporation is given in the table below. Forecast the monthly demand for the next four months using Winter's model with a=0.05, B=0.1, and y=0.1. Evaluate the MSE, MAPE, MAD, and the standard deviation of forecast error estimate in each case. Period, Demand, t Dt 1 158 2 257 3 455 4 672 5 277 6 462 7 636 8 751 9 237 10 385 11 632 12 810
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