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Prediction the number of deliveries using Exponential smoothing constant for different values and compare it.

A hospital records the number of floral distributions 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

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M923426

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