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The owner of a small brewery in Milwaukee, Wisconsin, is using Winters's method to forecast his quarterly beer sales. He has been using smoothing constants
The owner of a small brewery in Milwaukee, Wisconsin, is using Winters's method to forecast his quarterly beer sales. He has been using smoothing constants of and He has currently obtained the following values of the various slope, intercept, and seasonal factors: and
a Determine the forecast for beer sales in quarter
b Suppose that the actual sales turn out to be in quarter Find and and find the updated values of the seasonal factors. Also determine the forecast made at the end of quarter for quarter
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