Develop an exponential smoothing forecast with = 0.20 for the demand data in Problem 12-1. Compare

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Develop an exponential smoothing forecast with α = 0.20 for the demand data in Problem 12-1. Compare this forecast with the three-month moving average computed in 12-1(a) using MAD and indicate which forecast seems to be most accurate.

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Operations Management Creating Value Along the Supply Chain

ISBN: 978-0470525906

7th Edition

Authors: Roberta S. Russell, Bernard W. Taylor

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Question Posted: Oct 03, 2012 07:08 AM

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Develop an exponential smoothing forecast with = 0.20 for the demand data in Problem 12-1. Compare

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The 3month moving average forecast appears to be more accurate Month Demand Forecast ...View the full answer

Operations Management Creating Value Along the Supply Chain

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