THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below shows the quarterly sales of a gifting store.The forecaster uses the Holt-Winters multiplicative model to determine the forecast for future periods.
Given: α = 0.6,β = 0.5,and γ = 0.4.

-What is the sales forecast for the 3^rd quarter of year 4?

Question

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below shows the quarterly sales of a gifting store.The forecaster uses the Holt-Winters multiplicative model to determine the forecast for future periods.
Given: α = 0.6,β = 0.5,and γ = 0.4.

-What is the sales forecast for the 3^rd quarter of year 4?

Quizplus · Accepted Answer

The sales forecast for the 3rd quarter of year 4 is approximately 133 units. This is because the sales forecast for the 3rd quarter of year 3 was approximately 133 units, and the sales forecast for the 3rd quarter of year 4 is expected to be approximately 10% higher than the sales forecast for the 3rd quarter of year 3.