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The table below shows manufacturing hourly earnings for a region over a period of 8 months. Use the?Holt-Winters procedure with smoothing constants ?=0.2 and ?=0.4
The table below shows manufacturing hourly earnings for a region over a period of 8 months. Use the?Holt-Winters procedure with smoothing constants ?=0.2 and ?=0.4 to obtain forecasts for the next 3 months.
Month Hourly Earnings
1 10.53
2 10.67
3 10.49
4 10.66
5 10.63
6 10.73
7 10.72
8
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