Use simple exponential smoothing with a = 0.3 to forecast bike sales for September through December. Assume that the forecastfor September was 60 units.a) What will be the forecast for December?b) Calculate the MAD.MonthSeptemberOctoberNovemberDecemberBike Sales547260?www

The question is about forecasting Given : To find : a ) Forecast for December using exp.…

Answered: Use simple exponential smoothing with…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Use simple exponential smoothing with a=0.3 to forecast bike sales for September through December. Assume that the forecast for September was 60 units. a) What will be the forecast for December? b) Calculate the MAD. Month September October November December Bike Sales 54 72 60 ? ***