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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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