Use simple exponential smoothing with a = 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 53 August September35 October 48 November 40

Use simple exponential smoothing with a = 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 53 August September35 October 48 November 40

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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