Re-solve problem 20 using a simple exponential smoothing model with = .8, and with a 2-period

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Re-solve problem 20 using a simple exponential smoothing model with α = .8, and with a 2-period moving average model. Which model is best?

Data From Problem 20:

Given the data shown below, use α = .1 and β = .2 to create a trend enhanced smoothing based forecast for period 6. Assume that FIT1 = 20 and T1 = 3.

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Managing Operations Across The Supply Chain

ISBN: 9781260547634

4th Edition

Authors: Morgan Swink, Steven Melnyk, Janet L. Hartley, M. Bixby Cooper

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Question Posted: Aug 15, 2022 01:36 AM

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Re-solve problem 20 using a simple exponential smoothing model with = .8, and with a 2-period

Question:

1 2 3 4 5 26 28 35 Period Demand 25 23

Step by Step Answer:

The trend enhanced smoothing based forecast for period 6 using 1 and 2 is ...View the full answer

Managing Operations Across The Supply Chain

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