sales at morton bakery over the past 10 weeks are

Question

Sales at Morton Bakery over the past 10 weeks are given in the table below:

Week

Week t         Sales ($)At

  1                  2500

  2                  2450

  3                  2680

  4                  2910

  5                  2450

  6                  2290

  7                  2460

  8                 2360

  9                 2540

 10                2620

a) Use exponential smoothing with a smoothing constant of .6 to produce forecasts from the data. Use 2500 as your forecast of demand for week 2.

b) Use exponential smoothing with a smoothing constant of .3 to produce forecasts from the data. Use 2500 as your forecast of demand for week 2.