Utilizing exponential smoothing constant for different value

Reference no: EM1316057

Forecast the number of deliveries using Exponential smoothing constant for different values and compare it.
A hospital records the number of floral deliveries its patients receive each day. For a two week period, the records show

15, 27, 26, 24, 18, 21, 26, 19, 15, 28, 25, 26, 17, 23

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

b. repeat using a smoothing constant of .5

c. compare the forecasts using MSE

Reference no: EM1316057

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