The following table shows the quarterly demand, in thousands of cases, for a national beer distributor over

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The following table shows the quarterly demand, in thousands of cases, for a national beer distributor over the past 4 years:

(a) Forecast the demand for the first quarter of year 5 by using a four-period moving average model.
(b) Forecast the demand for the first quarter of year 5 by using an exponential smoothing model with a = 0.4.
(c) Which method is more accurate?

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Managerial Decision Modeling With Spreadsheets

ISBN: 9780136115830

3rd Edition

Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair

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Question Posted: Dec 22, 2015 03:31 AM

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The following table shows the quarterly demand, in thousands of cases, for a national beer distributor over

Question:

QUARTER YEAR1 YEAR 2 YEAR 3 YEAR 4 294 499 437 344 335 507 529 285 433 516 501 482 280 524 515 530

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tr msoheightsourceauto col msowidthsourceauto br msodataplacementsamecell style0 msonumberformatGeneral textaligngeneral verticalalignbottom whitespacenowrap msorotate0 msobackgroundsourceauto msopatt...View the full answer

Managerial Decision Modeling With Spreadsheets

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