The owner of an equipment rental service has recorded the following rentals each week Use a three-week
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The owner of an equipment rental service has recorded the following rentals each week
- Use a three-week moving average to forecast sales for each of the weeks 4 through 9.
- Use a four-week moving average to forecast sales for each of the weeks 5 through 9.
- Compare the forecasts created by these two methods using mean absolute deviation. Which forecasting method would you recommend?
Related Book For
Managing Operations Across the Supply Chain
ISBN: 978-0078024030
2nd edition
Authors: Morgan Swink, Steven Melnyk, Bixby Cooper, Janet Hartley
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