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Problem: A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Daily sales during the last 15 days were
                                   
Day:                         1     2     3     4     5     6     7     8     9
Number sold:              36   38   42    44   48   49    50   49    52
Day:                         10   11   12    13   14   15            
Number sold:              48   53   55    55   56   55            


a. Suppose that the data refer to demand rather than sales using trend-adjusted smoothing with the initial forecast of 51 for week 8, the initial trend estimate of 3. Make forecasts for days 9 by 16. What is MSE for the 8 forecasts for which there are actual data?

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M94150

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