Monitor the adjusted exponential smoothing forecast in Problem 12.13 for bias using a tracking signal and a

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Monitor the adjusted exponential smoothing forecast in Problem 12.13 for bias using a tracking signal and a control chart with ±3 MAD.

Data in Problem 12.13

The Willow River Mining Company mines and ships coal. It has experienced the following demand for coal during the past eight years:

Develop an adjusted exponential smoothing model (α = .30, β = .20) and a linear trend line model, and compare the forecast accuracy of the two using MAD. Indicate which forecast seems to be most accurate.

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Operations And Supply Chain Management

ISBN: 9781119577652

10th Edition

Authors: Roberta S. Russell, Bernard W. Taylor

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Question Posted: Oct 31, 2022 05:08 AM

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Monitor the adjusted exponential smoothing forecast in Problem 12.13 for bias using a tracking signal and a

Question:

Year Coat Sales (Tons) 1 4260 2 4510 3 4050 نیا 4 5 6 7 8 3720 3900 3470 2890 3100

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To monitor the adjusted exponential smoothing forecast for bias using a tracking signal and a control chart we would first need to calculate the forec...View the full answer

Operations And Supply Chain Management

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