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

question 48

Essay

Use this information to answer the following questions.
Joe Smith operates an ice cream shop and works only three days a week.The number of ice cream cones that he sells is shown as follows.
$$\begin{array} { | l | c | c | c | c | c | } \hline \text { Friday } & 100 & 114 & 110 & 115 & 112 \\\hline \text { Saturday } & 130 & 135 & 140 & 145 & 142 \\\hline \text { Suraday } & 60 & 65 & 55 & 50 & 63 \\\hline\end{array}$$
-Refer to the table above.
a.Use exponential smoothing with an alpha value of 0.5 to forecast next day's sales.
b.Use Solver to determine the optimal alpha value that minimizes MSE.Forecast next day's sales using this optimal alpha value.

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Definitions:

Homoeroticism

The representation or arousal of sexual desire between members of the same sex, possibly in art, literature, or real-life interactions.

Lesbian

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Gay Activity

Refers to sexual or romantic activities between individuals of the same sex.

Unidimensional Model

A theoretical approach that simplifies complex phenomena or behaviors to a single dimension for analysis or interpretation.