For the Hawkins Company, the monthly percentages of all shipments that were received on time over the

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For the Hawkins Company, the monthly percentages of all shipments that were received on time over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83.

a. Compare a three-month moving average forecast with an exponential smoothing forecast for α = 0.2. Which provides the better forecasts?

b. What is the forecast for next month?

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Quantitative Methods for Business

ISBN: 978-0324651751

11th Edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam

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Question Posted: Aug 02, 2012 04:01 AM

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For the Hawkins Company, the monthly percentages of all shipments that were received on time over the

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a Month Y t 3Month Moving Averages Forecast Error 2 2 Forecast Error 2 1 80 2 82 8000 400 ...View the full answer

Quantitative Methods for Business

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