Create an Excel spreadsheet on your own that can create a combination forecast for Problem 16, using
Question:
Create an Excel spreadsheet on your own that can create a combination forecast for Problem 16, using the three techniques that seem best based on MAD. Give equal weight to each technique. Calculate MAD for the combination forecast, Is it better or worse than the forecasting techniques identified in Problem 16?
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The three methods that are best for the Medical Clinic based on MAD are Exponential Smoothing MAD1483 and Trendadjusted Exponential Smoothing MAD 1485 ...View the full answer
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Chiranjib Thakur
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Operations management processes and supply chain
ISBN: 978-0136065760
9th edition
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
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