(Step-by-Step) The following information has been collected on the sales of greeting cards for the past 6 weeks: 105 90 95 110 105 100 Produce exponential

Question: The following information has been collected on the sales of greeting cards for the past 6 weeks:

105 90 95 110 105 100

Produce exponential smoothing forecasts for the series using a smoothing constant of .2.
Compute the mean square error for the forecasts produced with a smoothing constant of .2.

c. What is the forecasted sales for week 7?

d. Is a smoothing constant of .2 or .3 better for the sales data? Explain.

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(Step-by-Step) The following information has been collected on the sales of greeting cards for the past 6 weeks: 105 90 95 110 105 100 Produce exponential

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