Monday for exponential smoothing


A TV repair shop located near a large hospital provides rental TVs to hospital patients. According to shop invoices, the number of TVs rented out per day for the last 12 days were

Day Rentals Day Rentals

Sunday 14 Sunday 18

Monday 17 Monday 20

Tuesday 18 Tuesday 13

Wed 10 Wed 16

Thursday 15 Thursday 16

Friday 16

Saturday 14

Which approach, naïve or exponential smoothing with alpha =.2, would have produced the greater accuracy had it been used for forecasting? Use a start forecast of 14 for the first Monday for exponential smoothing.

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Basic Statistics: Monday for exponential smoothing
Reference No:- TGS0841498

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