Essay
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. Compare your forecasts using MSE. Which smoothing constant would you prefer?
58, 46, 55, 39, 42, 63, 54, 55, 61, 52
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FORECASTING WITH EXPONENTIAL SMOOTHING
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