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

a. Develop a forecast of sales (Exponential Smoothing) for each day starting with F₁=60 and Alpha=.2.

b. Compute the MAD for the data given. Use MAD₁=0.

c. Comment on the result.