Using the Best Buy revenue data:
a) Fit the sales data using the Holt-Winters Additive Seasonal model.
b) Find the optimal smoothing constants (?, ?, and ?) using the Solver. Set the Solver to minimize the MSE, and be sure to constrain the smoothing parameters to be between 0 and 1. What are the optimal values?
c) Using the model that you have created, forecast quarterly revenues for the next year.
d) According to FactSet, analysts are forecasting the following revenues for the next year. How do your numbers compare?
a) Fit the sales data using the Holt-Winters Additive Seasonal model.
b) Find the optimal smoothing constants (?, ?, and ?) using the Solver. Set the Solver to minimize the MSE, and be sure to constrain the smoothing parameters to be between 0 and 1. What are the optimal values?
c) Using the model that you have created, forecast quarterly revenues for the next year.
d) According to FactSet, analysts are forecasting the following revenues for the next year. How do your numbers compare?
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