Question

United Dairies, Inc., supplies milk to several independent grocers throughout Dade County, Florida. Managers at United Dairies want to develop a forecast of the number of half gallons of milk sold per week. Sales data for the past 12 weeks are:
a. Construct a time series plot. What type of pattern exists in the data?
b. Use exponential smoothing with a = 0.4 to develop a forecast of demand for week 13.
What is the resulting MSE?


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  • CreatedNovember 21, 2015
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