Question

In: Advanced Math

Scenario 7.2 - Gulab Greatness Historical demand for gulab jamun from a sweet stall on Commercial...

Scenario 7.2 - Gulab Greatness
Historical demand for gulab jamun from a sweet stall on Commercial Road is as displayed in the table.

Month Demand (orders)
January 66,753
February 67,686
March 68,641
April 68,979
May 69,278
June 69,577
July 69,602
August 70,348
September 70,806
October 71,011
November 71,819
December 72,752


What is the trend component of Holt's model for period 0?

642

462

66,768

78,666

Solutions

Expert Solution

462 trend component of Holt's model for period 0.

Thus, slope=m=Trend component of Holt's model for period 0=462.049~462

Colby Messinger answered 3 years ago
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