Question: 9.3 A new security system was installed at the Platia Clothing Store eight weeks ago. The numbers of items stolen from the store in the
9.3 A new security system was installed at the Platia Clothing Store eight weeks ago. The numbers of items stolen from the store in the period since are:
Week 1 2 3 4 5 6 7 8 Items stolen 63 56 49 45 51 36 42 37
(a) Use the exponential smoothing model with a smoothing constant of 0.8 to predict values of the series to week 9.
(b) Plot the series and the forecasts on the same graph.
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