In: Statistics and Probability
Consider the following daily time series representing the number
of clients visiting the Small Business Development Center over the
previous 10 days.
| Day | Clients | 
|---|---|
| 1 | 1 | 
| 2 | 2 | 
| 3 | 1 | 
| 4 | 3 | 
| 5 | 0 | 
| 6 | 2 | 
| 7 | 1 | 
| 8 | 1 | 
| 9 | 2 | 
| 10 | 3 | 
Step 1 of 2: What is the Simple Exponential Smoothing Forecast
for day 11 (t = 11) assuming that the smoothing constant, alpha =
0.2?
Round to 2 decimal places.
Step 2 of 2: What is the Simple Exponential Smoothing Forecast
for day 11 (t = 11) assuming that the smoothing constant, alpha =
0.75?
Round to 2 decimal places.