Question: Note: Please answer this question only by typing your answers in the typing space available for this question. The number of orders received by NiceSmell,
Note: Please answer this question only by typing your answers in the typing space available for this question. The number of orders received by NiceSmell, a leading manufacturer of perfumes, during the last 10 weeks is given below. [6] (a) Which of the following two methods of forecasting methods is likely to give better forecasts- 5-period moving average method or Sin Exponential Smoothing (with Alpha =0.8 )? Show/Explain all formulas and calculations. (b) Independent of the above question (a), which method of forecasting is likely to give better forecasts for NiceSmeil
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