Assume that the Union Pearson Express has been operating for 2 months now. A What a Bagel! store located in the UP
Express waiting area has been very popular, selling many bagels to the passengers waiting for the next train.
In Table 1 below you will find historical data of the daily sales of the store for the last 3 weeks.
Use the simple exponential smoothing method to forecast the sales of the store for day 22.
· What value did you use for the parameter alpha and why?
· With the current information. What is your forecast for the day 23?