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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 a Forecast quarterly demand for year using simple exponential smoothing with alpha as well as Holts model with alpha and beta 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.
uarterly demand for vegetables at a Dubai based wholesaler are shown in Table
a Forecast quarterly demand for year using simple exponential smoothing with
alpha as well as Holts model with alpha and beta
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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