Math Solutions

[See Solution] A new bike dealer has been using exponential smoothing with an alpha of .2 to forecast weekly bike sales. Given data below would a naive forecast

Question: A new bike dealer has been using exponential smoothing with an alpha of .2 to forecast weekly bike sales. Given data below would a naive forecast have provided greater accuracy? Explain. Assume an initial exponential forecast of 60 units in period 2 (no forecast for period 1) hint. assume naive forecast to be same as the previous period's demand

period demand

1 57

2 62

3 58

4 60

5 60

6 56

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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