A new bike dealer has been using exponential smoothing with an alpha of .2 to forecast weekly bike
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. AssuMean 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
Price: $2.99
See Solution: The solution consists of 2 pages
Deliverable: Word Document
Deliverable: Word Document
