Question: A grocery store sells the following number of smoked herring over the 2 week period prior to Memorial Day:

Week Day Smoked Herrings Sold

1 Monday 60

1 Tuesday 40

1 Wednesday 55

1 Thursday 30

1 Friday 75

1 Saturday 100

2 Monday 65

2 Tuesday 45

2 Wednesday 60

2 Thursday 35

2 Friday 80

2 Saturday 105

1. Develop a forecast of sales (Exponential Smoothing) for each day starting with F ₁ =60 and Alpha=.2.
2. Compute the MAD for the data given. Use MAD ₁ =0.
3. Comment on the result.

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document