Question: 2 Next, consider using a simple exponential smoothing model. In your analysis, test two alpha values, 2 and 4. Use the same criteria for evaluating
2 Next, consider using a simple exponential smoothing model. In your analysis, test two alpha values, 2 and 4. Use the same criteria for evaluating the model as in part 1. When using an alpha value of 2. assume that the forecast for week I is the past three-week average (the average demand for periods -3, -2, and -1). For the model using an alpha of 4, assume that the forecast for week 1 is the past five-week average.
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