Scenario 7.5 - Gulab Greatness
Historical demand for gulab jamun from a sweet stall on Commercial Road is as displayed in the table.
-Use a simple moving average of three periods to forecast the demand for October.Then use exponential smoothing with an alpha = 0.4 to forecast October,assuming an August forecast equal to August demand.Finally,use Holt's method with an alpha of 0.2 and a beta of 0.3.
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