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Business, 02.03.2020 23:30 ankomamasonjr

United Dairies, Inc., supplies milk to several independent grocers throughout Dade County, 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:

Week Sales

1 2750
2 3100
3 3250
4 2800
5 2900
6 3050
7 3300
8 3100
9 2950
10 3000
11 3200
12 3150

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

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