Nelson Fabricators sells a portable EKG machine. The sales manager requires a weekly forecast of the portable
Question:
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a. Forecast the number of machines for week 6 made at the end of week 4.
b. Forecast the number of machines at the end of week 5.
c. Calculate the bias and MAD for parts a and b. Why is one of the forecasts more accurate than the other?
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a Using a Simple Exponential Smoothing Model forecasts can only be made one time period ahead of the ...View the full answer
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Related Book For 
Supply Chain Focused Manufacturing Planning and Control
ISBN: 978-1133586715
1st edition
Authors: W. C. Benton
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