Question: Use a smoothing factor of 0.7 on the data for problem 3 and provide the forecast. Problem 3 Riley Supplies, Ltd. ships computer software throughout

Use a smoothing factor of 0.7 on the data for problem 3 and provide the forecast.

Problem 3

Riley Supplies, Ltd. ships computer software throughout the Midwest.

The daily number of late shipments in the past two weeks are shown in the table to the right. Use a 3-period moving average to forecast the number of late shipments for the next day.

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