If last periods forecast was 27 and the demand was 30, what was the forecast error? What

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If last period’s forecast was 27 and the demand was 30, what was the forecast error? What would be the forecast for the next period using an exponential smoothing model with alpha = 0.5?

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Managing Operations Across the Supply Chain

ISBN: 978-0078024030

2nd edition

Authors: Morgan Swink, Steven Melnyk, Bixby Cooper, Janet Hartley

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Question Posted: Mar 30, 2015 09:52 AM

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If last periods forecast was 27 and the demand was 30, what was the forecast error? What

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Managing Operations Across the Supply Chain

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