Question: 1. What is the forecast for week 16 using exponential smoothing with =0.6? Assume that the forecast for week 1 was 304. 2. What is

1. What is the forecast for week 16 using

1. What is the forecast for week 16 using exponential smoothing with =0.6? Assume that the forecast for week 1 was 304.

2. What is the forecast for week 16 using exponential smoothing with =0.9? Assume the forecast for week 1 was 304.

3. What is the mean square error for the forecast with =0.6 as of week 15? Do not use week 1 in your calculations.

4. What is the mean square error for the forecast with =0.9 as of week 15? Do not use week 1 in your calculations.

5. What is the period 15 tracking signal for the forecast with =0.6?

6. What is the period 15 tracking signal for the forecast with =0.9?

7. Assume that the control limits for the tracking signal are 4. What can be concluded about the quality of the forecasts using =0.60 or =0.90?

The number of flowers sold at The Blossom Shop on Fridays is shown in the table below. Round off all calculations to two decimal places. Maintaining two decimal places is required for all calculations Week Week Demand Week 371 11 Demand Dem 304 3607 3878 424 356 393 389 396 385 Demand 335 356 366 372 376 9 10

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