The manager of a trendy downtown café in Columbus, Ohio, collects weekly data on the number of customers it serves. A port of the data is shown in the accompanying table. Week 1 2 1 52 53 = Customers 925 977 pictureClick here for the Excel Data File a. Use the simple exponential smoothing technique with a = 0.2 to make a forecast for Week 53. (Do not round intermediate calculations. Round final answer to 2 decimal places.) 1338 953 = b. Use the simple exponential smoothing technique with a = 0.4 to make a forecast for Week 53. (Do not round intermediate calculations. Round final answer to 2 decimal places.) 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49
The manager of a trendy downtown café in Columbus, Ohio, collects weekly data on the number of customers it serves. A port of the data is shown in the accompanying table. Week 1 2 1 52 53 = Customers 925 977 pictureClick here for the Excel Data File a. Use the simple exponential smoothing technique with a = 0.2 to make a forecast for Week 53. (Do not round intermediate calculations. Round final answer to 2 decimal places.) 1338 953 = b. Use the simple exponential smoothing technique with a = 0.4 to make a forecast for Week 53. (Do not round intermediate calculations. Round final answer to 2 decimal places.) 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 27P: The file P13_27.xlsx contains yearly data on the proportion of Americans under the age of 18 living...
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