Question: The data file Inventory Sales shows the inventory sales ratio

The data file Inventory Sales shows the inventory sales ratio for manufacturing and trade in the United States over a period of 12 years. Use the method of simple exponential smoothing to obtain forecasts of the inventory-sales ratio over the next 4 years. Use a smoothing constant of α = 0.6. Graph the observed time series and the forecasts.

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  • CreatedJuly 08, 2015
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