In a fast food restaurant, there is weekly demand of one of their newly introduced Flame Broiled
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Question:
In a fast food restaurant, there is weekly demand of one of their newly introduced Flame Broiled Hamburger. The actual demand is given for 10 week period, you are to: a. estimate the forecast for 11th week by trend adjusted exponential smoothing (α = 0.4, β = 0.3). b. calculate the cumulative forecast error, mean absolute deviation, mean squared error and mean absolute percentage error. 3 Marks
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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