Use This Information to Answer the Following Questions -Refer to the Table Above

question 57

Essay

Use this information to answer the following questions.
A hot dog stand owner has collected the following time series data on the number of hot dogs sold over the last 12 quarters.
$$\begin{array} { | c | c | c | } \hline \text { Year } & \text { Quarter } & \text { Demand } \\\hline 1 & \text { Winter } & 29 \\\hline 1 & \text { Spring } & 65 \\\hline 1 & \text { Summer } & 56 \\\hline 1 & \text { Fall } & 45 \\\hline 2 & \text { Winter } & 23 \\\hline 2 & \text { Spring } & 57 \\\hline 2 & \text { Summer } & 48 \\\hline 2 & \text { Fall } & 32 \\\hline 3 & \text { Winter } & 14 \\\hline 3 & \text { Spring } & 55 \\\hline 3 & \text { Summer } & 52 \\\hline 3 & \text { Fall } & 25 \\\hline\end{array}$$
-Refer to the table above.Forecast next quarterly sales using exponential smoothing.Use Solver to find the optimal smoothing constant value that minimizes MSE.

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Definitions:

Syndesmoses

A type of fibrous joint in which bones are joined together by a ligament or a fibrous tissue, allowing for minimal movement.

Gomphoses

A type of fibrous joint that is a peg-in-socket, such as the joint between a tooth and its socket in the jaw.

Hip And Shoulder

Joints that connect the limbs to the torso; the hip being the articulation between the pelvis and the femur, and the shoulder connecting the upper arm to the torso.

Gliding Motion

A smooth movement where surfaces slide past one another, typical in some types of joints like the carpals of the wrist.