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(4-b). Use simple exponential smoothing with α = 0.6 to forecast the tire sales for September through December.  Assume that the forecast for August was for 46 sets of tires. Do your forecasts seem to be biased? Why or why not?   Month Sales August 53 September 35 October 48 November 40

(4-b). Use simple exponential smoothing with α = 0.6 to forecast the tire sales for September through December.  Assume that the forecast for August was for 46 sets of tires. Do your forecasts seem to be biased? Why or why not?   Month Sales August 53 September 35 October 48 November 40

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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(4-b). Use simple exponential smoothing with α = 0.6 to forecast the tire sales for September through December.  Assume that the forecast for August was for 46 sets of tires. Do your forecasts seem to be biased? Why or why not?

 

Month

Sales

August

53

September

35

October

48

November

40
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