Determine which forecast is best

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Reference no: EM1332754

A hospital records the number of floral deliveries its patients receive each week. For an eight week period, the records show 26, 19, 15, 28, 25, 26, 17, 23.

a. Forecast deliveries using a three week moving average.

b. Use exponential smoothing with a smoothing constant of .4 to forecast the number of deliveries

c. How would we determine which forecast is best?

Reference no: EM1332754

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