Next, consider using a simple exponential smoothing model. In your analysis, test two alpha values, .2 and
Fantastic news! We've Found the answer you've been seeking!
Question:
Next, consider using a simple exponential smoothing model. In your analysis, test two alpha values, .2 and .4. Use the same criteria for evaluating the model as in part 1. When using an alpha value of .2, assume that the forecast for week 1 is the past three week average (the average demand for periods 23 22 and 21). For the model using an alpha of .4, assume that the forecast for week 1 is the past five week average.
Related Book For
Business Analytics Data Analysis and Decision Making
ISBN: 978-1305947542
6th edition
Authors: S. Christian Albright, Wayne L. Winston
Posted Date: