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Suppose you use Winter's forecasting method on historical data from Q1 2010 to Q4 2018. You obtain the following data for time t =
Suppose you use Winter's forecasting method on historical data from Q1 2010 to Q4 2018. You obtain the following data for time t = quarter 4 2018: L_t= 1065 T_t = 15 S_t = 0.95 S_{t-1} = 0.9 S_{t-2} = 1.2 S_{t-3} = 1.1 Exponential smoothing parameters: alpha=0.2 beta = 0.3 gamma = 0.2 What is the absolute value of the difference between the forecasts for quarter 2 2020 and quarter 4 2021 with Winter's method?
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Winters method combines exponential smoothing with a seasonal component To calculate the forecasts f...Get Instant Access to Expert-Tailored Solutions
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