Question: 8. A new car dealer has been using exponential smoothing with an alpha of .1 to forecast weekly new car sales. Given the data below,

8. A new car dealer has been using exponential

8. A new car dealer has been using exponential smoothing with an alpha of .1 to forecast weekly new car sales. Given the data below, would a naive forecast have provided greater accuracy? Explain. Assume an initial exponential forecast of 60 units in period 2 (i.e., no forecast for period 1). Period 1 2 3 4 5 6 Demand 57 62 58 60 60 56

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