Math Solutions

[Solution] The number of pizzas ordered on Friday evenings between 5:30 and 6:30 at a pizza delivery location for the last 10 weeks is shown below. Use

Question: The number of pizzas ordered on Friday evenings between 5:30 and 6:30 at a pizza delivery location for the last 10 weeks is shown below. Use exponential smoothing with smoothing constants of .2 and .8 to forecast a value for week 11 (i.e., prepare two forecasts using each of the alpha values). Compare your forecasts using MSE. Which smoothing constant does a better job using lower MSE as the criterion?

58, 46, 55, 39, 42, 63, 54, 55, 61, 52

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Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document


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