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The owner of a small brewery is using Holt - Winter s method to forecast his quarterly beer sales. He has been smoothing constants of

The owner of a small brewery is using Holt-Winters method to forecast his quarterly beer
sales. He has been smoothing constants of =0.2,=0.2, and =0.2. He has currently
obtained the following values of the various level, trend, and seasonal factors: "# =
120,"# =14,"# =1.2,$ =1.1,%=0.8, and & =0.9.
(1) Determine the forecast for the beer sales in quarter11.
(2) Suppose that the actual sales turn out to be 128 in quarter 11. Find "" and "", and find
the updated values of the seasonal factors. Also determine the forecast made at the end
of quarter 11 for quarter 13.

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