Week Sales Week Sales 2750 7 3300 3100 8 3100 3 3250 9 2950 4 2800 10 3000 5 2900 11 3200 3050 12 3150

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 8PPS
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United Dairies, Inc., supplies milk to several independent grocers throughout Dade
C ounty, Florida. Managers at United Dairies want to develop a forecast of the number of
half gallons of milk sold per week. Sales data for the past 12 weeks are:

a. Construct a time series plot. What type of pattern exists in the data?
b. Use exponential smoothing with a 5 0.4 to develop a forecast of demand for week 13.
What is the resulting MSE?

Week
Sales
Week
Sales
2750
7
3300
3100
8
3100
3
3250
9
2950
4
2800
10
3000
5
2900
11
3200
3050
12
3150
Transcribed Image Text:Week Sales Week Sales 2750 7 3300 3100 8 3100 3 3250 9 2950 4 2800 10 3000 5 2900 11 3200 3050 12 3150
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