Which is the best method to use for the following dataa three-period weighed moving average forecast with
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Which is the best method to use for the following data—a three-period weighed moving average forecast with weights of (0.5, 0.3, 0.2) or an exponential smoothing forecast with an α = 0.25 (compare the last five periods only and use 1081 for the exponential smoothing forecast in period 1). Justify your answer.
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Related Book For
Operations Management A Supply Chain Process Approach
ISBN: 978-1483383064
1st edition
Authors: Joel D. Wisner
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