Using the time series shown in Problem 16.3, answer the following questions: From Problem a. Forecast the

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Using the time series shown in Problem 16.3, answer the following questions:
From Problem

a. Forecast the demand for Period 9 using exponential smoothing with trend adjustment and setting Î± = 0.4 and Î² = 0.7.
b. Calculate the MAD for the forecast in part a.

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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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Question Posted: Jul 29, 2015 03:33 AM

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Using the time series shown in Problem 16.3, answer the following questions: From Problem a. Forecast the

Question:

Period 3 4 5 6 7 8 Demand 15 24 26 33 20 22 27 20

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a b Actual Period Demand t 1 2 3 4 5 6 7 8 15 24 26 33 20 22 27 20 Smoothe...View the full answer

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