The number of pizzas ordered on Friday evenings between 5:30 and 6:30 at a pizza

Question

The number of pizzas ordered on Friday evenings between 5:30 and 6:30 at a pizza delivery location for the last 10 weeks is shown below. Use exponential smoothing with smoothing constants of .3 and .6 to forecast a value for week 11. Compare your forecasts using MSE. Which smoothing constant would you prefer?

58, 46, 55, 39, 42, 63, 54, 55, 61, 52

PLEASE ANSWER WHICH SMOOTHING CONSTANT WOULD YOU PREFER?

The number of pizzas ordered on Friday evenings between 5:30 and 6:30 at a pizza delivery location for the last 10 weeks is shown below. Use exponential smoothing with smoothing constants of .3 and .6 to forecast a value for week 11. Compare your forecasts using MSE. Which smoothing constant would you prefer? 58, 46, 55, 39, 42, 63, 54, 55, 61, 52

Explanation / Answer

63

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