A pizza chain has had sales for take-out food over the last four evenings—Monday, Tuesday, Wednesday, and Thursday—of 29, 25, 35, and 30 pizzas, respectively.What would be their forecast for Friday using an exponential smoothing forecastingapproach? Use α = 0.2 and a forecast for Monday of 28.
A pizza chain has had sales for take-out food over the last four evenings—Monday, Tuesday, Wednesday, and Thursday—of 29, 25, 35, and 30 pizzas, respectively.What would be their forecast for Friday using an exponential smoothing forecastingapproach? Use α = 0.2 and a forecast for Monday of 28.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 1E
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A pizza chain has had sales for take-out food over the last four evenings—
Monday, Tuesday, Wednesday, and Thursday—of 29, 25, 35, and 30 pizzas, respectively.
What would be their forecast for Friday using an exponential smoothing forecasting
approach? Use α = 0.2 and a forecast for Monday of 28.
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