The following information has been collected on the sales of greeting cards for the past 6 weeks. 
a.Produce exponential smoothing forecasts for the series using a smoothing constant of .2.
b.Compute the mean square error for the forecasts produced with a smoothing constant of .2.
c.What is the forecast of sales for week 7?
d.Is a smoothing constant of .2 or .3 better for the sales data? Explain.
Definitions:
Near-term Activities
Tasks or projects that are scheduled to be completed or take place in the immediate future.
Overall Strategies
Comprehensive approaches taken by businesses to achieve their long-term objectives and ensure growth.
Tactical Planning
Implementing the activities specified by strategic plans.
Hurricane
A type of tropical cyclone characterized by low-pressure centers, strong winds, and heavy rain, capable of causing significant weather-related disasters.
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