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The following table includes two years of data regarding the demand for a product: Time period Demand Year 1 1 Quarter 1 240 IN Quarter
The following table includes two years of data regarding the demand for a product: Time period Demand Year 1 1 Quarter 1 240 IN Quarter 2 252 3 Quarter 3 257 4 Quarter 4 267 Year 2 5 Quarter 1 272 6 Quarter 2 267 Quarter 3 276 Quarter 4 281 Use the following initial values: Initial Value for Trend = 0; Initial Value for Level = 240; Use initial seasonality indices = 1.0; 1.1, 1.2, 1.2 Use the following constants: a = 0.2; B = 0.2; v = 0.3 a. Using Winter's model, what is the forecast for time period 3 (Year 1, Quarter 3) made at the end of time period 2 (Year 1, Quarter 2)? b. Using Winter's model, what is the forecast for time period 5 (Year 2, Quarter 1) made at the end of time period 2 (Year 1, Quarter 2)
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