Question: Cyclical influences on demand are often expressed graphically as a linear function that is either upward or downward sloping. True or FalseThe following table contains
Cyclical influences on demand are often expressed graphically as a linear function that is either upward or downward sloping.
True or FalseThe following table contains the demand from the last months:
a Calculate the single exponential smoothing forecast for these data using an a of and an initial forecast of
Note: Round your answers to decimal places.
b Calculate the exponential smoothing with trend forecast for these data using an a of a of an initial trend forecast of
and an initial exponentialy smoothed forecast : of
Note: Round your answers to decimal places.
Calculate the mean absolute deviation MAD for the last nine months of forecasts.
Note: Round your answers to decimal places.
c Which is best?
Single exponential smoothing forceast
Exponential smoathing with trend forecast
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