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uarterly demand for vegetables at a Dubai based wholesaler are shown in Table 1 . a . Forecast quarterly demand for year 5 using simple

uarterly demand for vegetables at a Dubai based wholesaler are shown in Table 1.
a. Forecast quarterly demand for year 5 using simple exponential smoothing with
\alpha =0.1 as well as Holts model with \alpha =0.1 and \beta =0.1.
b. Evaluate relevant forecasting errors including the standard deviation of
forecast error for both models.
c. Which of the two methods do you prefer? Why?
d. Draw graphs to clearly show the demand and forecast of vegetables for the
periods under consideration.

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