Holt-winters method forecasting problem

Assignment Help Basic Statistics

Reference no: EM1398634

The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows:

Year Cases of Wine

1991 270

1992 365

1993 389

1994 456

1995 358

1996 500

1997 410

1998 376

Referring to the Table above, the Holt-Winters method for forecasting with smoothing constant of 0.2 for both level and trend will be used to smooth the wine sales. The smoothed values of the level and trend for 1993 are _________ and ________, respectively.

a. 356 and 86

b. 406.8 and 57.84

c. 398 and 61.25

d. 374.8 and 76.5

Reference no: EM1398634

Questions Cloud

How a mutation that knocks out the glnb gene of e : Predict how a mutation that knocks out the glnB gene of E. coli would affect the expression and activity of glutamine synthetase and what affect this gene knockout would have on the cell.

Dna analysis of a newly found species of mammal : You do DNA analysis of a newly found species of mammal and find there to be 7 JK and 65 VK sequences. Assuming that any V sequence can join any J sequence.

Describe major differences between meiosis i and meiosis ii : Describe the major differences between Meiosis I and Meiosis II. Explain what you believe is the most significant difference in respect to sexual reproduction and explain why.

Briefly describe the phylogenetic relationship : briefly describe the phylogenetic relationship of these three organisms that you might infer.

Holt-winters method forecasting problem : The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows:

Explain symmetrical or complimentary relationship : Create the 1-2 page paper which reviews one of your interpersonal relationships. In short explain the relationship, determine if relationship is symmetrical or complimentary.

Forecasting of operations management : A manager receives a forecast for next year. Demand is projected to be 600 units for the first half of the year and 900 units for the second half.

Is a level of social arrangements only seen in mammals : is when there are several reproductive castes, not just males and females, but for example when there are three kinds of females that all produce their own young in different ways.

Forecasting-grad level question : Rosa's Italian restaurant wants to develop forecasts of daily demand for the next week. Develop a forecasting chart, using MS Excel. Include the steps used in your forecast.

User Account

All Pages