Question: Given the following data: Prepare a forecast using smoothing constant = 0 . 4 0 . a ) Subjective estimate ( for this example, use
Given the following data:
Prepare a forecast using smoothing constant
a Subjective estimate for this example, use
b First actual value nave approachGiven the following data, compute MAD, MSE, and MAPE for the following data. Then, please compute the standard deviation of forecast error using the first eight months.
tableMonthsDemand,Forecast
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