Use simple exponential smoothing with a = 0.3 to forecast bike sales for September throughDecember. Assume that the forecast for September was 60 units.a) What will be the forecast for December?b) Calculate the MAD.Last saved 11:13:58 AMbudyQuestions Filter (25)MonthSeptemberOctoberNovemberDecemberF3X CO SearchPBike Sales547260?Y

Use simple exponential smoothing with a = 0.3 to forecast bike sales for September throu December. Assume that the forecast for September was 60 units. b) Calculate the MAD. a) What will be the forecast for December? ast saved 11:13:58 AM Month Questions Filter (25) September October November December Bike Sales 54 72 60 ?

Use simple exponential smoothing with a = 0.3 to forecast bike sales for September throu December. Assume that the forecast for September was 60 units. b) Calculate the MAD. a) What will be the forecast for December? ast saved 11:13:58 AM Month Questions Filter (25) September October November December Bike Sales 54 72 60 ?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 1.2CE: Plot the logarithm of arrivals for each transportation mode against time, all on the same graph....

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