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Scenario 7.5 - Gulab Greatness Historical demand for gulab jamun from a sweet stall on Commercial Road is as displayed in the table. Month Demand
Scenario 7.5 - Gulab Greatness Historical demand for gulab jamun from a sweet stall on Commercial Road is as displayed in the table. Month Demand (orders) January 66,753 February 67,686 March 68,641 April 68,979 May 69,278 June 69,577 July 69,602 August 70,348 September 70,806 October 71,011 November 71,819 December 72,752 Use a simple moving average of three periods to forecast the demand for October. Then use exponential smoothing with an alpha = 0.4 to forecast October, assuming an August forecast equal to August demand. Finally, use Holt's method with an alpha of 0.2 and a beta of 0.3
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