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Add five columns with single smoothing forecasts for different values of (0.15, 0.30, 0.45, 0.60, and 0.75). Calculate the corresponding MSEs for each value of
Add five columns with single smoothing forecasts for different values of (0.15, 0.30, 0.45, 0.60, and 0.75). Calculate the corresponding MSEs for each value of . Create a time series graph for every value, comparing the actual and forecasted figures. Estimate the demand for baby diapers in the clinic for period 25 using the model that shows the best fit. Submit the Excel file with your calculations, along with a Word file with your comments
Maternity Clinic | |
Diaper Consumption Data | |
Month | Diaper Consumption (48-unit bags) |
1 | 163 |
2 | 258 |
3 | 356 |
4 | 262 |
5 | 300 |
6 | 339 |
7 | 299 |
8 | 293 |
9 | 360 |
10 | 237 |
11 | 262 |
12 | 340 |
13 | 411 |
14 | 296 |
15 | 486 |
16 | 317 |
17 | 443 |
18 | 449 |
19 | 414 |
20 | 424 |
21 | 561 |
22 | 576 |
23 | 622 |
24 | 547 |
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