The weekly demand for a Bluetooth speaker at an electronic retailer is as shown. Estimate demand for
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The weekly demand for a Bluetooth speaker at an electronic retailer is as shown. Estimate demand for the next four weeks (11 to 14) using a five-week moving average, as well as simple exponential smoothing with α = 0.15. Evaluate the MAD, MAPE, MSE, bias, and TS in each case. Which of the two methods do you prefer? Why?
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