Essay
Sales (in thousands)of the new Thorton Model 506 convection oven over the eight-week period since its introduction have been as follows:
a.Which exponential smoothing model provides better forecasts, one using = .6 or = .2? Compare them using mean squared error.
b.Using the two forecast models in part (a), what are the forecasts for week 9?
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a.For = .6,MS...View Answer
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