Question: OPERATION MANAGEMENT: Forecast Error Iteration with Weighted Moving Average Given weekly demand for 6 periods: 2 0 0 , 2 2 0 , 2 1
OPERATION MANAGEMENT: Forecast Error Iteration with Weighted Moving Average Given weekly demand for periods: Use period Weighted Moving Average with weights Iteratively test different weight combinations eg Calculate forecast and error MAD in each case. Identify which weights give minimum MAD and plot error trends.
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