Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Quarterly demand for flowers at a wholesaler are as shown Forecast quarterly demand for year 5 using simple exponential smoothing with a = 0.1 as
Quarterly demand for flowers at a wholesaler are as shown
Forecast quarterly demand for year 5 using simple exponential smoothing with a = 0.1 as well as Holt's model with a = 0.1 and B = 0.1. Which of the two methods do you prefer,
Why?