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A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Daily sales during the last 15 days were Day: 1 2 3 4
A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Daily sales during the last 15 days were |
Day: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
Number sold: | 36 | 38 | 42 | 44 | 48 | 49 | 50 | 49 | 52 |
Day: | 10 | 11 | 12 | 13 | 14 | 15 | |||
Number sold: | 48 | 53 | 55 | 55 | 56 | 55 | |||
a. | Assume that the data refer to demand rather than sales. Using trend-adjusted smoothing with an initial forecast of 51 for week 8, an initial trend estimate of 3, and ? = ? = .2, develop forecasts for days 9 through 16. What is the MSE for the 8 forecasts for which there are actual data? (Round your intermediate calculations and final answer to 3 decimal places.) |
MSE |
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