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A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Daily sales during the last 15 days were Day: Number sold: Day: Number sold: 1 36 10 46 2 38 11 54 3 43 12 48 Click here for the Excel Data File MSE 4 45 13 56 5 45 14 58 6 46 15 50 Answer is complete but not entirely correct. 21.868 X 7 46 8 51 a. Assume the data refer to demand rather than sales. Using trend-adjusted exponential smoothing with an initial forecast of 46 for Day 8, an initial trend estimate of 2, and a = ß = .3, develop demand forecasts for Days 9 through 16. Then compute the resultant MSE using the error values from Days 8 through 15. (Round your intermediate period-by-period forecast and error values to 3 decimal places. Round your final MSE answer to 3 decimal places.) 9 51

A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Daily sales during the last 15 days were Day: Number sold: Day: Number sold: 1 36 10 46 2 38 11 54 3 43 12 48 Click here for the Excel Data File MSE 4 45 13 56 5 45 14 58 6 46 15 50 Answer is complete but not entirely correct. 21.868 X 7 46 8 51 a. Assume the data refer to demand rather than sales. Using trend-adjusted exponential smoothing with an initial forecast of 46 for Day 8, an initial trend estimate of 2, and a = ß = .3, develop demand forecasts for Days 9 through 16. Then compute the resultant MSE using the error values from Days 8 through 15. (Round your intermediate period-by-period forecast and error values to 3 decimal places. Round your final MSE answer to 3 decimal places.) 9 51

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Problem 3-17 (Algo) A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Daily sales during the last 15 days were Day: Number sold: Day: Number sold: 1 36 10 46 2 38 11 54 Click here for the Excel Data File MSE 3 43 12 48 4 21.868 X 45 13 56 5 45 14 58 6 46 15 50 X Answer is complete but not entirely correct. 7 46 a. Assume the data refer to demand rather than sales. Using trend-adjusted exponential smoothing with an initial forecast of 46 for Day 8, an initial trend estimate of 2, and a = B = .3, develop demand forecasts for Days 9 through 16. Then compute the resultant MSE using the error values from Days 8 through 15. (Round your intermediate period-by-period forecast and error values to 3 decimal places. Round your final MSE answer to 3 decimal places.) 8 51 9 51
Transcribed Image Text:Problem 3-17 (Algo) A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Daily sales during the last 15 days were Day: Number sold: Day: Number sold: 1 36 10 46 2 38 11 54 Click here for the Excel Data File MSE 3 43 12 48 4 21.868 X 45 13 56 5 45 14 58 6 46 15 50 X Answer is complete but not entirely correct. 7 46 a. Assume the data refer to demand rather than sales. Using trend-adjusted exponential smoothing with an initial forecast of 46 for Day 8, an initial trend estimate of 2, and a = B = .3, develop demand forecasts for Days 9 through 16. Then compute the resultant MSE using the error values from Days 8 through 15. (Round your intermediate period-by-period forecast and error values to 3 decimal places. Round your final MSE answer to 3 decimal places.) 8 51 9 51
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