Roofing and Profiles (Fiji) Pte Ltd has experienced the following demand for its roofing and cladding...
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Roofing and Profiles (Fiji) Pte Ltd has experienced the following demand for its roofing and cladding product range: Period 1 2 3 4 5 6 7 8 Units 56 61 55 70 66 65 72 75 Develop an exponential smoothing forecast using a = 0.40 and an adjusted exponential smoothing forecast using a = 0.40 and B 0.20. Compare the accuracy of the two forecasts using MAD and cumulative error. Roofing and Profiles (Fiji) Pte Ltd has experienced the following demand for its roofing and cladding product range: Period 1 2 3 4 5 6 7 8 Units 56 61 55 70 66 65 72 75 Develop an exponential smoothing forecast using a = 0.40 and an adjusted exponential smoothing forecast using a = 0.40 and B 0.20. Compare the accuracy of the two forecasts using MAD and cumulative error.
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Answer rating: 100% (QA)
To calculate the exponential smoothing forecast and the adjusted exponential smoothing forecast well use the following formulas Exponential Smoothing ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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