Question: Foods'r Us a restaurant chain, has been using simple exponential smoothing to come up with their monthly forecasts. but still not sure of the
"Foods'r Us a restaurant chain, has been using simple exponential smoothing to come up with their monthly forecasts. but still not sure of the "best" value of a to pick. They ran some computer runs with different values of a and the data yielded the following results:
tableMAD
What is your suggested value of
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