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Sales (in thousands) of the new Thorton Model 506 convection oven over the eight-week period since its introduction are shown in the following table. Week

Sales (in thousands) of the new Thorton Model 506 convection oven over the eight-week period since its introduction are shown in the following table.

Week Sales
1 18.5
2 21.3
3 25.3
4 22.3
5 24.5
6 19.1
7 21.6
8 23.7

(a)

Which exponential smoothing model provides better forecasts, one using

= 0.6

or

= 0.2?

Compare them using mean squared error.

= 0.2 = 0.6

Using the = 0.6 forecast model in part (a), what is the forecast (in thousands) for Week 9? (Round your answer to three decimal places.)

thousand

Using the = 0.2 forecast model in part (a), what is the forecast (in thousands) for Week 9? (Round your answer to three decimal places.)

thousand

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