Explore BrainMass
Share

Explore BrainMass

    Holt-Winters method forecasting problem

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    3-25. 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

    © BrainMass Inc. brainmass.com October 9, 2019, 10:18 pm ad1c9bdddf
    https://brainmass.com/statistics/multivariate-time-series-and-survival-analysis/holt-winters-method-forecasting-problem-215445

    Solution Summary

    This posting contains solution to following forecasting problem on Holt-Winters method(Exponential smoothing with trend).

    $2.19