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The Owners of Hal's Cookie Company Have Collected Sales Data

Question 51

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The owners of Hal's Cookie Company have collected sales data for the past 8 months. These data are shown as follows: The owners of Hal's Cookie Company have collected sales data for the past 8 months. These data are shown as follows: Using a starting forecast in period 1 of 100, the forecast bias over periods 2-8 is negative when a single exponential smoothing model is used with a smoothing constant of 0.20 Using a starting forecast in period 1 of 100, the forecast bias over periods 2-8 is negative when a single exponential smoothing model is used with a smoothing constant of 0.20

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